Thursday 22 March 2018

Gabriel Byrne's Dublin alma mater for auction as 2018 sales ramp up

Franshaw House at actor Gabriel Byrne’s former alma mater, Ard Scoil Eanna, in Crumlin, Dublin 12. Both the house and school will be offered for auction in one lot on March 8
Franshaw House at actor Gabriel Byrne’s former alma mater, Ard Scoil Eanna, in Crumlin, Dublin 12. Both the house and school will be offered for auction in one lot on March 8

Donal Buckley

The former Dublin alma mater of Irish actor Gabriel Byrne will be among 87 lots with combined values of about €15m which will go under the hammer at one of four public auctions taking place between February 28 and March 8 next.

The school property, which includes a Victorian house, was also at one time home to Ardscoil Éanna, a school set up by among others Margaret Pearse, sister of the 1916 leader Patrick Pearse.

Ardscoil Éanna is among 12 lots which will be offered at a Cushman & Wakefield Sherry FitzGerald auction on March 8. Located at 314-318 Crumlin Road, Dublin 12, near Crumlin Children's hospital, the property has a €595,000 guide price. Auctioneer Victoria Bentley describes the four-bedroom Victorian-style Franshaw House, which is the feature building, as having "the potential to become the finest residential home in Dublin 12" subject to planning permission. It retains many original features but needs full renovation.

The lot also includes two sets of classrooms and a school yard but the yard is held on a lease from Dublin City Council.

Ardscoil Éanna was a secondary school established in 1939 by James J. O'Byrne, who was interned in Frongoch in Wales for his role in the Easter Rising in 1916, and Margaret Pearse.

It was the oldest school in Crumlin and one of only 15 schools in Ireland under lay Catholic control. It closed in 2016. Another former pupil was the late Johnny Murphy, the actor famous for his role as 'Joey the Lips' in the film The Commitments.

Its Z15 zoning could also accommodate health, childcare, community, cultural, recreational, public worship, residential institutional and hotel uses.

An adjoining 0.12 acre green field site is for sale as a separate lot with a €395,000 guide price.

The most valuable lot in the Sherry FitzGerald auctions is an office building at IDA Business Park, Mountrath Road, Portlaoise, Co Laois, which has a €900,000 guide price. Extending over two levels, it accommodates four open-plan offices of 400 sq m each.

They share a communal reception area and parking. One of the offices is let to Madison Logic at a rent of €24,000 per year with seven years remaining on the lease. The auctioneer says the property has potential to generate €100,000 in annual income.

A mixed use investment near the sandy Fanore beach at Ballyvaughan, Co Clare, has a €275,000 guide price. Known as Craggagh, it generates €12,000 from a 1,200 sq ft convenience store. Upstairs, three vacant apartments have rental potential. The building also houses a restaurant, which is not included in the sale.

The most valuable residential lot in this auction is a detached family home, Bencor, 33 Kingston Road, near Salthill, Galway, on a 0.36 acre site overlooking Galway Golf Course and with views towards Galway Bay. Extending to 236 sq m, it's got a €575,000 guide price. For many years the house served as the home of the resident professional at Galway Golf Course.

On February 28, REA Dempsey Sothern will auction 22 residential properties with a combined value of €2.7m in Naas, Co Kildare. Five of these lots are Dublin houses and two are Dublin apartments. Of the other 15 lots, 12 are in Leinster.

The most valuable of them is a three-bedroom terraced house, 15 Holywell Green, Feltrim Hall, Swords, Co Dublin with a €240,000 AMV. It has two bathrooms and extends to 87 sq m.

A two-bedroom flat at 16 Hunters Avenue, Hunters Wood, Ballycullen, Dublin 24, has a €225,000 AMV. It extends to 73 sq m. A somewhat smaller city centre apartment at 73 The Richmond, North Brunswick Street, Smithfield, Dublin 7, has a €210,000 AMV. It also has two bedrooms but extends to 57 sq m.

A two-bedroom terraced house at 63 Sundrive Road, Kimmage, Dublin 6W, has a €185,000 AMV. While it extends to 75 sq m, it needs complete refurbishment.

REA O'Connor Murphy will auction 15 Munster and Connacht lots with combined AMVs totalling almost €2.27m at its auction on February 28 in Limerick. The most valuable of these is a 1.5 acre site which has a €550,000 guide price and is located in the famous tourist village of Bunratty, Co Clare. At one time the site accommodated an Avoca tourist retail store. Located close to the well known Durty Nelly's pub and Bunratty Castle, the site comes with planning permission for a redevelopment or restoration of its former stone-cut building.

A development property in Galway City is included with a €420,000 AMV. Located at 14 Walsh's Terrace, Woodquay, Headford Road, it comprises a vacant end-of-terrace house in need of refurbishment with an adjoining commercial yard and premises used by a car wash operator at a rent of €25,000 per annum. This tenant is not affected by the sale. The house extends to 85 sq m, offices to 33 sq m, and the enclosed car wash to 148 sq m. The property's potential is due to its location about 500 metres from Eyre Square and 400 metres from the city's main retail area.

An investment property at 9 Glentworth Street, Limerick City, has a €240,000 guide. Fully let to DJ O'Malley Solicitors, the four-storey, over-basement Georgian building produces a rent of €19,200 per year suggesting a gross yield of 8pc.

On March 1, O'Donnellan and Joyce will auction 38 west of Ireland lots most of which are residential with combined AMVs totalling €6.4m in Galway City.

Its most valuable lot is 21 Lower Newcastle Road, Galway City, which has a €400,000 AMV. A four-bedroom semi-detached house extending to 117.45 sq m, it is located on a corner site with a garage to the rear.

A mixed-use investment property known as The Gateway, Lifford, Co Donegal has a €240,000 AMV. It extends to 603.9 sq m and accommodates six apartments and two ground floor commercial units. Rent amounting to €400 per month is generated from two apartments. The other units are vacant.

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