Friday 9 December 2016

Minor victory in battle to build block

Entrepreneur Graham O'Donnell is granted permission to build apartments, while ex-AIB director Gary Kennedy puts his 19th century house up for sale

Published 02/05/2010 | 05:00

ENTREPRENEUR and electrical engineer Graham O'Donnell, whose Spirit of Ireland project was showcased and debated on RTE's The Frontline last week, has won a minor planning battle to build a small apartment block in Sandycove, Co Dublin.

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He and fellow developer Wesley Curran have been involved in previous developments in south Dublin and had applied for permission to build six apartments in Castle Close, a cul-de-sac in the seaside suburb.

After several initial objections from neighbouring residents, there was one final appeal by a neighbour, which resulted in the pair revising their plans and being granted permission to build five apartments instead of six.

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Ex-AIB, current Greencore and Elan board member Gary Kennedy is selling his €4.15m house Cuilin, in Rathmichael, Co Dublin.

Dating from the 1800s, the fine country house sits on about four acres of lawns, with mature woodland and a walled garden.

Inside, it has original features such as an ornately plastered upper landing, an elegant double hallway with an impressive staircase set against a curvilinear westerly wall and three well-proportioned reception rooms, which would be ideal for entertaining.

As well as the extensive gardens, there is a range of out-offices, including a bar, games room, office and stabling grouped around a cobbled courtyard.

Situated beside the route of the proposed Luas line extension from Cherrywood to Bray, Cuilin is one of several multi-million euro properties with plots of land that may have future development potential.

Wilford House, on seven acres of landscaped gardens, is on the books of Sherry Fitzgerald and priced at €6.5m.

Charmwood, a Tudor-style 5,000 sqft pile, sits on 4.6 acres and is on the market for €3.9m -- having seen its price reduced from €5.3m.

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TELECONFERENCING tycoon Gerard Moore, who netted €37m for his stake in Spectel in 2004, is selling his house in Blackrock, Dublin.

His five-bedroom detached home in an exclusive cul-de-sac at Carysfort Downs in the south-Dublin suburb is on the market for €1.25m.

Described as a stunning home in showhouse condition, agents Sherry Fitzgerald say it is presented with impeccable taste with every modern luxury. Both its spacious hallway and a large study/dining room have marble tiled floors, while a large living room runs the length of the property.

Although Mr Moore sold his interest in Spectel to global communications software giant Avaya, the intensely private Wexford native is currently chairman of Shenick, a privately-owned broadband and networking technology company based in nearby Dun Laoghaire.

He has also been advising and investing in other technology companies, helping them to grow by acquisition and by entering new markets, according to his biography on Shenick's website.

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If you're trying to sell a two-bedroom apartment in Dublin, or a three-bedroom semi in Cork, then look away now.

Average prices for two-bedders in Dublin fell by 1 per cent on average in April -- that's almost €95 a day -- according to research by Property Week.

Interestingly, figures show that the average asking price for two-bedroomed apartments in Galway actually increased by 1 per cent during the same period, having fallen by just over 2 per cent in March.

Prices of your average three-bedder in Galway have also been the most resilient in our three biggest cities, falling by a mere 0.1 per cent last month to €251,579.

Cork, meanwhile, stands out because it has seen prices for the same type of property drop by 8.3 per cent so far this year, more than double the percentage falls that have been experienced in either Dublin or Galway.

Sunday Independent

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