The catalogue for the second major bank property auction, which takes place in 4 weeks, has now issued and there are a few surprises. Firstly, there are only 87 lots compared to the 120-200 promised. Also, Allsop Space the auctioneers involved, have included many rural areas from Donegal to Kerry rather than concentrating on the main urban centers as planned.
On a positive note, unlike the last auction in April, there is plenty to interest home buyers, for example, apartments in Blackrock or a family home on Kilmacud Road in Stillorgan.
Dublin 4 got a look in with properties on Haddington Road and Ailsbury Road.
There is a slightly higher proportion of commercial properties but investors will note that for both the residential and commercial valuations, the reserves are higher than the last auction resulting is a likely yield drop from the previous rate of 10 per cent to 8-9 per cent.
Buyers Broker Ltd will be offering attendance and bidding services for buyers who are not in a position to attend on the day, just fill in the proxy form and return to our office.
For details of properties under the hammer on the 7 July *DOWNLOAD HERE*