Commercial Property

Leap Day auction bodes well for Ifac House in D12 with €3.3m hammer sale

BidX1’s latest online auction proved strong with a landmark Bluebell building sale and good tidings for its €20m plus March auction

Ifac House on the Old Naas Road in Dublin 12 sold at auction on Thursday for €3.3 million, more than double its €1.5m guide

A landmark property for the Irish farming community, Ifac House on the Old Naas Road in Bluebell, Dublin 12, sold for €3.283 million or more than double its €1.5 million guide price at a BidX1’s Leap Day auction on Thursday.

Ironically, that guide price itself was half what had been quoted two years ago for a private treaty sale when it did not sell.

Indeed, at that time the property appeared to be more valuable ...