New look Priory Hall homes sell out in just four days
Sales come five years after the complex was condemned by fire safety inspectors
Published 26/10/2016 | 09:12
The first batch of the new-look Priory Hall apartments were snapped up in just four days as Dublin’s housing market continues to look more and more like it did during the boom years.
The once-notorious apartments, synonymous with the Celtic Tiger in many ways, have undergone an extensive refurbishment and refit at the taxpayers’ expense.
It took just four days to sell the first 43 units, after hundreds of people turned out to view the show units in the development located on the Hole in the Wall Road in north Dublin.
The sales come five years after the complex was condemned by fire safety inspectors and evacuated by court order.
However, it seems the refurbished homes, which have been fitted out with state-of-the-art fire detection systems, have become hot property for the second time in their short history.
Ken MacDonald, Managing Director of Hooke and MacDonald, who were looking after the sale, said that the majority of those who snapped up the new-look homes were first-time buyers.
“Dublin City Council (DCC) have done a fantastic job on the project, the units are as good as new,” he told Independent.ie.
“It has been a success and it was great to see so many young couples coming to buy. Over the four days we had between 200 and 250 groups come to view. It is a fabulous location, overlooking Fr Collins Park,” he said.
“It is good to see a new chapter in its history.”
The auctioneer said that the building’s past was no longer a concern for prospective buyers, as the council have gone “100pc on the safety measures”.
The units sold this weekend were one and two-bed units costing between €145,000 and €195,000. The first owners could be in their new homes as early as Christmas.
Priory Hall was built in 2007 and developed by boom-time developer Tom McFeely.
Following the evacuation order, DCC took on the task of refurbishing the 187-unit complex.
It is estimated that the total refurb will run to around €30m.
The next phase of apartments (around 100 units) will not be ready for another nine months. The new complex has been completely transformed and has essentially been rebuilt to rectify the safety failings.
The upgrades include “high-performance insulation, fire-stopping, newly laid footpaths, roads and parking areas, new roofing, new walls and windows and fully-fitted bathrooms and kitchens with new appliances”.
Included in the fire safety measures are emergency lighting, automatic smoke ventilation and fire fighting equipment.