![]() ![]() Half of yesterday’s €14m in sales was for housing and other half for commercial properties. The Cahirciveen complex of 56-bed hotel, leisure centre and 33 apartments failed to make its €725,000/775,000 price guide.Īmong the cheaper buys was a Waterford city two-bed apartment, at Shandon Court, Upper Yellow Road, making €27,000, and currently bringing in a rent of €6,000 a year.īack in Cork city, a two-bed terraced older style house at 30 Gould Street sold for well over its €42,500 reserve, making €67,000. In Sligo, the Riverside Suite Hotel with 30-one bed units sold for three times its low reserve, fetching €440,000, but the comparable Co Kerry Watermarque Hotel had less luck. It’s got 663 years to run on its 880-year lease, so has stories and new uses ahead of it yet. It has had a checkered trading history, and was sold for receivers KPMG. Looking a good bet when bought for its €145,000 reserve was the former Methodist church hall, a casino, a one-time bar and restaurant at 4A Father Mathew Street, just off Cork city’s business boulevard the South Mall. Earlier in 2012, a different agent had hopes of getting €650,000 for the ship-shape bar in receivership. It made €220,000, the same price it had been withdrawn from sale at last December. In Cork, the Moonduster Inn bar, restaurant and an apartment sold under the hammer. ![]() Ultimately, some of my family back in Ireland may be interested in running McDaniels, and the resort, as a business.” ![]() Ex-pat purchaser, Seamus Burnage, quipped that his investment “provides a good excuse to visit friends and family at home a few times a year. ![]()
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