Monday 19 November 2018

D4 pad up for sale as neighbour hits ?9m

RALPH BENSON IT HASN'T taken long for Colm Allen to react to the whopping price paid for Peter White's house at 27 Ailesbury Road. Allen just put his Michael Scott-designed house up for auction.

Number 27 made a record ?9m at auction on Wednesday, having guided ?7.5m. So Allen must have high hopes: his house is guided at ?7m.

Allen, a senior counsel, who has done his service for the nation as a tribunal barrister representing Bovale Developments, is also a financial backer of Fianna Fail politician Eoin Ryan.

As it happens, TD and MEP Ryan has also been doing nicely on the property. His dad's old house, 81 Park Avenue in Sandymount, went for ?7.1m last September, while he sold his own house, 19 Vavasour Square near Bath Avenue for ?1.4m at the end of April.

Still with MEPs, former Green politician Patricia McKenna is expected to wrap up the sale of her house at 9 Dargle Road. It went for auction last Wednesday. With a guide of ?550,000, bidding reached ?625,000. But steely McKenna withdrew the property. The final deal is likely to come in at around ?635,000.

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SUMMER is a comin' in, so it's probably a good time to remind readers they can visit some of Ireland's best houses and gardens on lazy Sunday afternoons. The houses, listed in a brochure called Properties of Significant Interest in Ireland, gain a tax break in return for opening their doors for several days over the summer months. The brochure contains visiting times and is available from tourist offices.

Though his Westmeath residence appears in the 2004 listing, Michael O'Leary has withdrawn Gigginstown House from the scheme, reportedly because he was not availing of the tax concession. So snooping members of the public will no longer be able to survey O'Leary's prize herd of Aberdeen Angus cattle, or look out for that personal taxi by visiting the Georgian pile.

Labour TD Liz McManus and her Bray Town Councillor husband John have appeared on the list in recent years. They live at 1 Martello Terrace in Bray, a mid-Victorian seafront house which was lived in by James Joyce for four years. The McManuses offer generous visiting times on days between May and December.

Another house with a literary connection now open to the public is 82 Merrion Square, the house lived in by WB Yeats from 1922 to 1928, when the poet was a member of the Senate. The house is now a working office, but if you bang on the door, the occupants are happy to bring you around.

Other names which have appeared on the list include Lord Henry Mount Charles of Slane Castle, and Tony Ryan's family-owned Lyons Demesne in Celbridge. The Lyons Demesne is open Monday to Friday all next month, though you'll be charged a steep ?10 for the privilege.

Business has also been quick to take advantage of Section 482 tax relief as well. The owners of Bewleys cafe on Grafton Street and off-licence Berry Bros & Rudd get concessions, as do several other hotels and bars in Dublin, such as the Odeon, the Westin, the Davenport, and Doheny & Nesbitts.

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MAYFAIR. It must be the best address in Europe. So it's news to hear you can own property in Park Street, Mayfair, W1 (London) for prices ranging from ?145,000 to ?250,000. As usual, there's a catch. You own only a portion of the apartment.

The ?145,000 will buy you a one thirteenth share in an apartment at 47 Park Street.

Hotel company Marriott, who operates the premises, is calling it "fractional ownership" (a euphemism for the dreaded term "time-share"). A one-thirteenth share entitles you to use the apartment for 21 days per annum.

The idea is to provide cheap second home ownership by maximising occupancy of the apartment. You can sell on your interest in an apartment at any stage. Residents benefit from a 24-hour concierge, valet, maid and room service - all the usual comforts of home, that is.

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