Daft Property - Irish Property News

Allsop Space Auction Venue - 6th July 2012 The Shelbourne Hotel Dublin 2 Start Times Single Session Auctioneer’s Announcements 10.45 a.m. Lot 1 not before 11.00 a.m. Lot     Type     Location     Reserve Price will not exceed this figure 1    Investment Flat    Dublin 2    €135,000 2    Investment Flat    Galway City    €120,000 3    Investment Flat    Malahide    €75,000 4    Vacant Freehold House    Killiney    €95,000 5    Vacant Freehold House    Galway City    €50,000 6    Investment Freehold House    Newbridge    €30,000 7    Land/Site    Gort    €27,150 8    Investment Flat    Dublin 8...

Auctioneers to sell 14-house ghost estate in Co Kerry for just €50,000... DEPENDING on how deep your pockets are, you can pick up a ghost estate of 14 houses for only €50,000 or a Georgian House for €1m in the Allsop Space auction next month. A total of 90 properties are available at the event on July 6. Another unusual property on offer is Whites Castle, Athy, Co Kildare, a 15th century castle in the centre of the town, which also has a €50,000 guide price. The auctioneers are hoping to raise about €8m from the auction, which is below the €13m it achieved in its last auction in May. But then there are fewer lots this time and less valuable commercial properties. The ghost estate was conceived as a multi-million holiday home development at a pivotal point on Kerry's tourist trail. The 14-house lot at Annagh Banks in Castlemaine, Co Kerry, is about to be auctioned for only €50,000. It will be the first time that Allsop Space will include a full ghost estate as one lot at auction....

NAMA fire sales aim to breathe life back into market... Thousands chase property at knockdown prices as NAMA puts houses, farms, pubs and apartments up for sale. BARGAIN hunters came out in force yesterday after bad bank NAMA put nearly 1,000 properties up for sale in the largest single sell-off in the history of the State. The prospect of picking up a farm, pub, quarry, three-bed semi, hotel, apartment -- even an airport -- sparked an unprecedented wave of interest within hours of the list being published. NAMA chiefs even promised to finance some of the sales as the agency announced losses of €1.18bn on dealings for last year. It also revealed the extent to which NAMA is to recover money from reluctant debtors. In one case -- and as late as this week -- it seized jewellery worth €200,000 that had been given to a developer's partner. NAMA bosses insisted they were not running a fire sale and kept asking prices and bids received a closely guarded secret last night. Bu...

Superpub entrepreneur now entering last-chance saloon... CAPITAL Bars is the Dublin hotel and superpub group owned by brothers Liam and Des O'Dwyer. Through Capital Bars, the O'Dwyer brothers own a number of prominent premises in Dublin, including superpubs Cafe En Seine, which holds up to 1,500 people, Zanzibar and the Trinity Capital Hotel. The chain also includes Break for the Border and Howl At The Moon. Like many of the country's hospitality entrepreneurs, the O'Dwyer brothers have been exposed to the downturn. Earlier this year the group said that it was experiencing "huge downward pressure on room rates and occupancy" and said that it was engaged in "aggressive cost cutting". Last May Deepdrill Developments, a property vehicle controlled by the two brothers, filed a High Court petition to shut down Danninger, the main operating company behind Ireland's biggest developer, Liam Carroll, who will seek an unprecedented second examinership hear...