Business Irish

Sunday 21 January 2018

Royal Oaks to attract offers at auctions

Donal Buckley Commercial Property Editor

Two Leinster commercial properties, named after Royal Oak, are to go for auction next month.

In Clane, Co Kildare, The Royal Oak public house on 19 acres is being offered in four lots which have a combined Advised Minimum Value (AMV) of €800,000. Coonan Real Estate Alliance plans to hold that auction on 13 April.

In Bagenalstown Co Carlow, a residential shop on a 0.3 acre site, formerly trading as The Royal Oak Stores, will go to auction on April 30.

Agents Sothern Real Estate Alliance are quoting an AMV of €340,000 for the property which will be included in the bumper Real Estate Alliance auction in the Shelbourne Hotel, Dublin.

The residential shop extends to 84sqm and the property also includes a deli counter, four bedroom residential accommodation, offices and store houses. Located at a busy junction of the N9, the Dublin to Waterford Road, this property is being sold on the instructions of ACC Bank.

Potential

Harry Sothern says it has potential for a range of other trades including fuel distribution and animal feeds.

There is no connection between the two properties other than the coincidence of names and April auctions.

The Royal Oak public house is at Mainham, beside Clongowes Wood College, and is one of the oldest family owned pubs in the country.

Its four lots are: lot one comprising public bar and lounge, five bedroom residence with two reception rooms, two yards, a garden and a car park on 8.5 acres, AMV €450,000; lot two 4.5 acres, AMV €150,000; lot three 2.5 acres, AMV €100,000; lot four 3.5 acres, AMV €100,000.

Susan Kirk of Coonan REA says that lots two, three and four would make nice sites for one-off houses but it would be up to the purchasers to negotiate the planning permission.

Irish Independent

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