Castle Park Hotel to go under the hammer
Published 20/02/2014 | 05:26
THE former Castle Park Hotel in Mitchelstown will be among five North Cork lots to go under the hammer at the next Allsop Space auction of distressed properties in Dublin on Tuesday, February 25.
The property on Baldwin Street incorporates a bar/restaurant, hotel and townhouse all of which is being offered collectively as a single lot with a reserve not to exceed €150,000.
Built in 1910, the protected structure served as a branch of the Bank of Ireland up until the late 1980s.
It was purchased by a local consortium along with an adjacent townhouse and converted into a hotel prior to its closure approximately a decade ago.
The entire complex was subsequently sold on and in 2007 a planning application was lodged with Cork County Council under the name of Casebro Developments Lt. It made provision for the conversion of the property into 17 apartments and a ground floor commercial unit.
The council's decision to grant the application, with conditional approval, was appealed to An Bord Pleanana, who refused permission for the development in April 2008.
The 929 square metre (10,000 sq ft) property is listed on the Allsop site as being in a town centre location and a "refurbishment and development opportunity".
Allsop pointed out the vender had informed them the property required "refurbishment work throughout".
The four other North Cork lots include three mid-terrace adjoined units (numbers 4, 6 and 8) at Meadowside in Dromina which are up for sale with a reserve not to exceed €40,000. The ground floor-only lot extends to 236 square metres (2,545 sq ft) and incorporates a vacant retail unit, a convenience store/post office and take-away fronting onto the main R578 road.
A three-bed semi-detached house at River Valley in Mallow is also included in the auction catalogue with a reserve price of €80,000.
Two properties in Charleville are also among the 191 lots set to come under the hammer next Tuesday.
One of these, the old cinema at Clancy Terrace, has a reserve of €95,000. The three storey 891 square metre (9,598 sq ft) building has been converted into warehousing and has "potential for a range of uses or redevelopments" subject to necessary consents.
Two unfinished three-bed detached bungalows on a .5 acre site at Knockearagh, Tullylease are also up for grabs with an attractive reserve not to exceed €40,000.
To view the properties on the Allsop catalogue visit www.allsopspace.ie.