Allsop is to hold its biggest commercial property auction yet early next month with 278 lots going under the hammer at a combined reserve value of €60 million.

The two-day auction, which takes place September 8th-9th, includes a strong collection of retail investments with well-known high-street names such as Dealz, Boylesports, Ladbrokes, O’Briens and Shoe Zone as sitting tenants.

One of the most sought-after properties at the auction is likely to be a combined lot that includes a large Georgian building at 10 Harcourt Street and two adjoining warehouses to the rear, on Montague Lane.

The lot has a reserve range of €2.9 million-€3.1 million. The Harcourt Street property is arranged over a basement and three upper floors to provide a combination of retail, office and residential accommodation.

A lot that comprises Traders public house and off-licence in Walkinstown, Dublin 12, together with a take-away and a retail unit let to Pat Toolan Bookmaker, is also likely to stir interest.

Traders, which has been part of the Fitzgerald Group since 1987, extends to about 1,098.57sq m (11,825sq ft).

Combined rent from the takeaway and retail unit is €40,400 with additional rental income of €15,200 per annum coming from a roof-top telecommunications mast. The reserve range is between €900,000 and €1 million.

Richard O’Neill, head of commercial auctions at Allsop, said demand is continuing to improve, particularly competitive bidding for dry investments and well-located owner-occupier units, especially in the greater Dublin area.

“We are also noting an increasing number of UK-based investors seeking secure investments and to take advantage of the sterling-versus-euro exchange rate.

“We expect that we will see an increase in this trend into the autumn auctions.”