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St Luke's 'is worth €550k' if FF sell up


St Lukes in Drumcondra. Photo: Damien Eagers

St Lukes in Drumcondra. Photo: Damien Eagers

St Lukes in Drumcondra. Photo: Damien Eagers

FIANNA Fail has made "no decision" on whether to sell off former Taoiseach Bertie Ahern's one-time headquarters, St Luke's.

The sale of the Drumcondra property was being considered in a bid to reduce the party's substantial debt. However, Fianna Fail general secretary Sean Dorgan said the sale is no longer on the cards.

"No decision has been taken in relation to that property or indeed any other of our properties around the country at this stage," he said.

One local auctioneer last night said St Luke's would fetch €550,000 as property prices in the capital continue to rise.

Vincent Kelly, who is a senior negotiator at Kelly Dalton Bradshaw auctioneers, said a "bidding war" has erupted involving a similar property only metres from St Luke's. "I think it's safe to say St Luke's would fetch in the region of €550,000. It is a fine piece of property in the heart of Drumcondra," he told the Herald.

"It has real access, is a detached building and has a lovely back garden.

"It would be ideal for the likes of a doctor or accountant given its comm-ercial and residential aspects."

"A property located just 200 metres away on Griffith Avenue is currently in the middle of a bidding war.

"It shows the level of demand for properties in this prime area."

Fianna Fail is considering holding on to the property following a major improvement in party finances.