Site sold for €700,000 at online auction back in June
PADDY McKillen jnr’s Oakmont were the recent purchaser of lands overlooking Magheramore and access to the beach at an online auction.
The land extends to 21 acres and sold for €700,000, far in excess of its €210,000 asking price at the auction held by BidX1's at the end of June.
A gated entrance provides access from the main road down a country passage to the lands surrounding Magheramore Beach. The cove is also a
hotspot for water sports and is widely considered the best location for surfing on Ireland's east coast.
In recent years, Magheramore has also hosted the 'Dip in the Nip' fundraiser. It also ranks among the top 50 beaches in Ireland.
The land bought by Oakmount overlooks Magheramore Beach, a beautiful cove beloved by surfers and the setting for TV shows from epic historical sagas like ‘Vikings’ and ‘Camelot’ to East Enders spin-off ‘Redwater’ and Amy Huberman’s ‘Finding Joy’.
There was intense competition for the online auction involving five different parties, Wicklow County Council were among the unsuccessful bidders.
Only two bidders were left once the €550,000 threshold was passed.
There had been fears that local access to the beach could be restricted following the sale, with a number of local councillors and TDs raising their concerns prior to and after the sale, but it’s understood that Oakmount don’t think there will be any issues regarding access. The area is hugely popular with locals and visitors alike.
Oakmount are also responsible for the Main Street development of mixed-use retail, leisure and restaurants and underground parking in Bray.
The land originally belonged to the Columban Order before its original sale back in the 1980s, with the site sold numerous time since.
Mckillen jnr is the son of Belfast-born property tycoon Paddy McKillen snr and he has built up a considerable property portfolio.
He also runs Ryan’s Press Up Entertainment with business partner Matt Ryan and employ over 1,600 people across close to 50 venues, mainly located in Dublin.
Their properties include the Clarence Hotel, the Dean Hotel, the Mayson Hotel, the Irish franchise for Wagamama and the Stella Theatre cinema chain.
Meanwhile, access to Magheramore beach remains closed up until this Friday to allow for the filming of ‘Vikings: Valhalla’, the follow-up series to 'Vikings'.