Auction has not commonly been used in the commercial investment market in Ireland but after an office block was sold by Allsop for €3.25m in February that perception is now changing.

Auction specialist Allsop has announced the launch of its March online auction which will open for business at 8am on Wednesday March 16.

Allsop Commercial is offering a lot comprising two adjoining office buildings in Ipswich, Suffolk, at its next auction with a guide price of between £6.9m and £7m.

Development sites proved very popular at Allsop’s December auction and among the highlights this time around is a residential opportunity of 1.5 acres at Kindlestown Upper in Delgany, Co Wicklow ...

Bank finance among Allsop bidders and buyers has increased steadily over the past year with successive auction sessions producing 14pc, 24pc, 40pc and now 52pc coming with viable loan approval.

Allsop has raised over £35m at its final commercial auction of the year, with 70 lots on offer, representing a success rate of 71%.

The Kerry TD bought the investment property – a three-bedroom house in Castleisland – at an Allsop auction in the RDS in February 2015 for €52,500, having protested at an Allsop auction of ...

Allsop is holding its first ever online property auction today. The catalogue includes 22 investments made up of commercial and residential properties which have been open for viewings for the ...