It is estimated that some 10,000 lots will go under the hammer as part of the auction series which takes place between July and November.
The hospitality and catering equipment is from a variety of brands including Lincat, Hobart, Falcon and Classeq. The catalogue of items includes combi ovens, bratt pans, fryers, prep counters and walk-in cold rooms.
MUA director Kehly Lennon said: “This is a truly unique auction and we’re anticipating significant interest from a very broad range of interested parties, from private buyers and small business owners right up to large enterprises. It’s rare that such an expansive catalogue comes onto the market, especially when the assets hail from one of the leading academic institutions on these islands.
“The auction series will help unlock capital for the university to reinvest in its facilities and it will deliver positively for the environment too. Auctions are an example of the circular economy in action. Through them we can resell, repurpose, and reuse products to really extend their lifecycle and close the loop on waste.”
The auction will be online only and interested bidders are invited to register to bid online at midulsterauctions.com.