This article is from page 16 of the 2013-10-08 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 16 JPG
TWO Clare investment properties are to go under the hammer at a massive auction in Dublin next Tuesday.
Allsop Space, which has previously included distressed Clare properties on its list, said it has taken a decision, in conjunction with several interest groups, not to sell repossessed family homes.
On October 15, what is being de- scribed, as two Clare investment properties will go on sale in the east and south of the county.
The Clare properties include a vacant three-bed terraced house in Shannon with a reserve of € 30,000 and a 10.77 acre plot of land in Collar with a reserve of € 45,000.
Allsop Space director of auctions Robert Hogan said the company had in recent weeks turned down a number of offers to sell repossessed properties for sub-prime lenders.
“The commercial properties on sale here will house the future businesses and enterprises that will support jobs, growth and investment all across Ireland. The people who will come here to buy shops, factory units and offices are the people who will work to get Ireland out of its current difficulties. Essentially the purchasers here are buying the cradles of Ireland’s future prosperity. We wish them all well and are happy that we at Allsop Space are aiding this much needed process,” he said.
“We are also really delighted to be part of what I hope is a new beginning for Irish property and how Irish property is bought and sold here. The published reserve price is key to this system and we believe that will become the gold standard for all auctions in the future. I think the large number of residential properties that are on sale here are an unequivocal vote of confidence by Irish people in our open way of doing business.”