Post new topic Reply to topic  [ 62 posts ]  Go to page Previous  1, 2, 3, 4, 5  Next
Author Message
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 10:13 am 
Offline
Single Home Owner

Joined: Jan 22, 2014
Posts: 111
dipole wrote:
There is money in this auction business

http://www.irishexaminer.com/business/a ... 55959.html

Ireland forgot, during the Celtic Tiger era that for a business to survive in the long run it needs to be well run and supply a product that the market wants.

During the recession, businesses that closed failed on one or both of the above points.

In years to come, businesses that started during or survived the recession will make large profits because they don’t need a boom to make money.


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 10:41 am 
Offline
Neo Landlord

Joined: Sep 2, 2008
Posts: 216
Location: Delta Quadrant
ostoir wrote:
dipole wrote:
There is money in this auction business

http://www.irishexaminer.com/business/a ... 55959.html

Ireland forgot, during the Celtic Tiger era that for a business to survive in the long run it needs to be well run and supply a product that the market wants.

During the recession, businesses that closed failed on one or both of the above points.

In years to come, businesses that started during or survived the recession will make large profits because they don’t need a boom to make money.


The Pin has bashed these auctions from the get-go, constantly referring to the rubbish being offered for sale, the marketing tactics being employed by the auctioneers, etc, etc. I've said from the outset that whatever about my personal opinion about all of the different dynamics, it's a most successful and lucrative venture for the agents. They couldn't give a flying f€€€ about optics, they just want to earn a return on their investment.

_________________
Resistance is futile


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 11:38 am 
Offline
Of Systemic Importance
User avatar

Joined: Feb 9, 2010
Posts: 6012
Locutus wrote:
The Pin has bashed these auctions from the get-go, constantly referring to the rubbish being offered for sale, the marketing tactics being employed by the auctioneers, etc, etc. I've said from the outset that whatever about my personal opinion about all of the different dynamics, it's a most successful and lucrative venture for the agents. They couldn't give a flying f€€€ about optics, they just want to earn a return on their investment.

Have posters here been wrong to point out the woeful standard of stock for sale in these auctions?


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 12:06 pm 
Offline
Of Systemic Importance

Joined: Sep 29, 2010
Posts: 5430
Location: London, innit
posters may have sniggered at the poor stock but the marketing tactics and all round organisation and execution were generally perceived as much better than the traditional Irish EA behaviour


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 1:23 pm 
Offline
Under CAB Investigation

Joined: Aug 23, 2008
Posts: 2233
Location: Bogtrotterland!
ostoir wrote:

In years to come, businesses that started during or survived the recession will make large profits because they don’t need a boom to make money.

With the notable exception of "bottom feeder" business that only exist to profit from the fallout of the recession, their business model will disappear when if there is a sustained recovery.

In a sustained recovery, all the "unsaleable" property will be sold.

_________________
"Democracy is like sausage, you want it, but you don't want to know how it is made". [John Godfrey Saxe]
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 1:31 pm 
Offline
Too Big to Fail

Joined: Dec 28, 2006
Posts: 3374
dolanbaker wrote:
ostoir wrote:

In years to come, businesses that started during or survived the recession will make large profits because they don’t need a boom to make money.

With the notable exception of "bottom feeder" business that only exist to profit from the fallout of the recession, their business model will disappear when if there is a sustained recovery.

In a sustained recovery, all the "unsaleable" property will be sold.

As I remember it, at the height of the bubble Auctions became very common as it was possible to drive competing buyers in to a frenzy and then the auction houses publicized the prices they were achieving for very ordinary houses in ordinary places.


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sat Feb 08, 2014 1:39 pm 
Offline
Holiday Home Owner

Joined: Jun 10, 2010
Posts: 307
They're big in Oz and the UK, nor sure why they took so long to take off in Ireland.

_________________
Irving Fisher, economist, October 17, 1929 wrote:
Stock prices have reached what looks like a permanently high plateau


Play a little game...
http://www.ecb.europa.eu/ecb/educationa ... ex.en.html


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Sun Feb 09, 2014 10:02 pm 
Offline
Under CAB Investigation

Joined: Feb 6, 2007
Posts: 2990
slasher wrote:
posters may have sniggered at the poor stock but the marketing tactics and all round organisation and execution were generally perceived as much better than the traditional Irish EA behaviour

Yep, woeful and obvious strawman from Locutus.

_________________
When Chuck Norris buys a house he wears a Bertiebasher T shirt - ewd3

Ruminations of a Rain Sozzled Paddy blog


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Mon Feb 10, 2014 9:16 am 
Offline
Neo Landlord

Joined: Sep 2, 2008
Posts: 216
Location: Delta Quadrant
gaius wrote:
slasher wrote:
posters may have sniggered at the poor stock but the marketing tactics and all round organisation and execution were generally perceived as much better than the traditional Irish EA behaviour

Yep, woeful and obvious strawman from Locutus.


??

_________________
Resistance is futile


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Tue Feb 11, 2014 12:37 am 
Offline
Too Big to Fail

Joined: Dec 28, 2006
Posts: 3374
What don't they tell you?

http://www.allsopspace.ie/auction/lot/8310

This property has a leasehold agreement with Offaly Church Hill Management Company which is management company set up by Anthony Gannon.
This Management Company was dissolved last year according to the the CRO website.
The estate is only partially completed and with no extant Management Company getting title to the property will be near impossible. At just 60k euro suggested reserve this looks like poor value.

Estate must be built at least 70 metres from Tullamore River according to legal docs because it's built on flood plain. That 70 metre area was meant to be landscaped as parkland but the FF supporting developer decamped, never completed the estate and the local council are not going to take the estate in charge.

Amazing what you can find out by ferreting around on the Internet.


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Tue Feb 25, 2014 10:24 am 
Offline
Private Tenant

Joined: Feb 13, 2013
Posts: 39
Location: Dublin
Lot 16, Unit 17 Finglas Business Park, Tolka Valley Road Business reserve €45k sold for €80000

Lot 15 ?

Lot 14, 30 & 30A Barton Drive reserve €375k sold for €445000

Lot 13 withdrawn

Lot 12, Mount Kennett Place, Henry Street reserve €180k sold for €255000

Lot 11, Paddy Power, Main Street 2 bed Investment reserve €530k sold for €605000

Lot 10, 14 Upper Gardiner Street 1 bed Apartment reserve €580k sold for €580000

Lot 9, Lands at Highpark Lower Site reserve €10k sold for €13000

Lot 8, 5 Montpelier Walk, Jobstown, Tallaght 3 bed Semi-Detached House reserve €69k sold for €90000

Lot 7, 3 Ridgecourt, Laurel Avenue 2 bed Apartment reserve €110k sold for €120000

Lot 6, Apt 108 Dunaras, Bishop O’Donnell Road 2 bed Apartment reserve €50k sold for €75000

Lot 5, 4 Hammond Street, Blackpitts 2 bed End of Terrace reserve €165k sold for €300000

Lot 4, Apt 36, Block 2 The Anchorage, Harty's Quay 2 bed Apartment reserve €95k sold for €187000

Lot 3, 89 Thornfield Square 2 bed Apartment reserve €75k sold for €89000

Lot 2 withdrawn

Lot 1, 38 Hammond Street, Blackpitts 2 bed Cottage reserve €150k sold for €162500


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Tue Feb 25, 2014 10:44 am 
Offline
Property Magnate

Joined: Jan 11, 2008
Posts: 534
Lot 5, 4 Hammond Street, Blackpitts 2 bed End of Terrace reserve €165k sold for €300000
http://www.allsopspace.ie/auction/lot/8498

WTF?
705 sq ft for €300k, 425 per square foot in blackpitts.
I presume purchaser would not get a mortgage at the valuation, so cash buyer.
Absolutely bonkers


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Tue Feb 25, 2014 10:56 am 
Offline
Under CAB Investigation
User avatar

Joined: Mar 7, 2012
Posts: 1785
Location: Lovely Leitrim
podge wrote:
Lot 5, 4 Hammond Street, Blackpitts 2 bed End of Terrace reserve €165k sold for €300000
http://www.allsopspace.ie/auction/lot/8498

WTF?
705 sq ft for €300k, 425 per square foot in blackpitts.
I presume purchaser would not get a mortgage at the valuation, so cash buyer.
Absolutely bonkers


Absolute Insanity

_________________
If my post has been edited it's probably down to my brutal spelling.


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Tue Feb 25, 2014 11:02 am 
Offline
Speculator

Joined: Sep 5, 2008
Posts: 487
lot 17 ???

Lot 18, Unit 7 Block E, First Floor Nutgrove Business Park reserve €80k not sold

Lot 19 sold prior

Lot 20, 13, 14, & 15 Mainguard Street 2 bed Investment reserve €1.9m sold for €1900000

Lot 21 sold prior

Lot 22, Commercial Unit Old Oscar Cinema, Henry Street Investment reserve €35k sold for €35000

Lot 23, The Shebeen Bar, New Street Investment reserve €10k sold for €37500

Lot 24 sold prior

Lot 25, Unit 18, Castle Mill Investment reserve €40k sold for €52500

Lot 26, Unit F4 Network Enterprise Park Investment reserve €30k sold for €80000

Lot 27, Main Street, Killeshandra Investment reserve €40k sold for €88000

Lot 28 withdrawn

Lot 29, Unit 4, 6 & 8 Meadowside, Dromina Investment reserve €40k sold for €45000

Lot 30, Unit 5 Block F, Riverview Business Park, Nangor Road, Clondalkin reserve €50k sold for €117500

Lot 31, Moneen Industrial Estate WITHDRAWN

Lot 32, 77, 78, Tullow Street, Carlow Investment reserve €525k sold for €550000

Lot 33, The Crazy Crab Restaurant Investment reserve €85k sold for €185000


Top
 Profile  
 
 Post subject: Re: Allsops Space Auction 25th Feb 2014
PostPosted: Tue Feb 25, 2014 11:37 am 
Offline
Private Tenant

Joined: Mar 6, 2013
Posts: 28
I wonder are 38 and 39 Hammond street owned by the same developer.

Lot 1, 38 Hammond Street, Blackpitts 2 bed Cottage reserve €150k sold for €162500 http://www.allsopspace.ie/auction/lot/8502
Lot 81 39 Hammond Street, Blackpitts 2 bed Cottage, reserve €150k http://www.allsopspace.ie/auction/lot/8503
They are tiny


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 62 posts ]  Go to page Previous  1, 2, 3, 4, 5  Next


Who is online

Users browsing this forum: Bing [Bot], discostu, Inis Man and 7 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to: