Allsop Private Launch First Online Commercial & Investment Auction
Allsop Private have launched a select catalogue which brings 26 high-quality commercial and investment assets to the market. These properties, which total more than €18m in value, will be offered on 24th November and, for the first time, an Allsop Private auction will be held online with all bids submitted through Allsop’s specialist online auction technology.
The catalogue comprises a range of predominately income producing city centre investments, with yields ranging from 7% to 25%. All of the properties can be viewed here.
Commenting on the launch, Richard O'Neill, Head of Allsop Private, stated:
"We are very pleased to offer this catalogue to market. We have closely monitored the data generated from our online sales over the past 18 months, and there is clearly a strong appetite from investors to buy income producing commercial investments via our online auctions. We believe that offering similar assets in a condensed portfolio such as this will be of great interest to both buyers and sellers alike, and this is clearly reflected in the strength of the catalogue. The beauty of the online auction technology is that it allows investors to transparently bid for properties from the comfort and anonymity of their homes or offices. It also combines the potential for local, national, and international buyers to compete for the same properties on a level playing field, with nobody excluded from the process."