This article is from page 18 of the 2012-02-07 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 18 JPG
DETAILS of the latest auction of distressed Irish properties by Britishbased firm Allsop Space have been announced, with just one Clare prop erty set to go under the hammer and another from Gort at the sale which will take place in the Shelbourne Hotel on March 1 next.
The Clare property is a farm 10km west of Ennis comprising of 48 acres and a derelict farmhouse and outbuildings, with a reserve price of € 120,000 place on the property. The property is being sold by Allsop Space on the instructions of the receiver, KPMG. There was an expectation that more Clare properties would be included in the 100-lot sale, following on last November’s auction when the lowest price nationally for any property was recorded in Ennis.
In that sale, one of four that was organised by Allsop in 2011 attracted an attendance of 1,600 and saw a site with planning permission for a retail unit and two apartments up until 2015 was sold for just € 11,000,
Meanwhile, a three-story derelict building on the Mill Road in Ennis that had full planning permission for a five-story hotel was sold for € 55,000. In the March 1 sale, a property from Gort will also go under the hammer – a mid-terrace town house situated in Market Square that has a reserve asking price of just € 90,000. The property that comprises of three stories and a basement and is 2,250 square feet in size, while it also comes with a 3,304 square feet site at the rear of the building, with the two properties being sold in one lot.