Gardaí seize 116 bikes worth €250,000 in raid on container
Gardaí have seized more than 100 bicycles worth a total of €250,000 which they believe were stolen in Dublin.
Officers from Pearse Street garda station searched a shipping container at allotments in Newcastle, Co Dublin, on Thursday morning.
In total, 116 pedal cycles suspected to be stolen property were recovered.
"A search warrant was obtained by gardaí from Pearse Street following ongoing investigations into the theft of bikes in the city centre," said a Garda spokeswoman.
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"Dublin Fire Brigade assisted gardaí in obtaining entry into a 40-foot container and located pedal cycles of all makes and models.
"All items in the container were seized pending further technical examination," she added.
"It is estimated that the value of the items is approximately €250,000 owing to the uniqueness and specialisation of the bikes."
Gardaí from the Street Crime Unit in Pearse Street will be trying to identify the rightful owners of the bikes in due course.
Details of the models that are not returned to owners will be circulated via the media in the coming weeks to try to reunite all the owners with their bicycles.
Investigations into the thefts and storage are ongoing.
Bicycles are now high-value items, sometimes worth thousands of euro.
There has been a trend in thefts from sheds, streets and even from individual cyclists being targeted in remote areas such as canal paths and mountain roads.
According to gardaí, 14,000 bikes worth in the region of €2m have been stolen since 2016. More than 80pc of the thefts were in four cities: Dublin, Galway, Cork and Limerick.
Gardaí advise the use of two locks on two sections of the bike, and attach to an immovable object.
The average cost of a bike being stolen is around €510. The most common time for a bike to be stolen is between the hours of 8am and 5pm, with Friday being statistically the most common day for bikes to be stolen.
Gardaí advise that cyclists spend 10pc to 20pc of the value of their bike on two locks.