Liberty Sq. landmarks to go under the hammer

Two landmark properties in Liberty Square are due to be sold at Auction in Dublin on September 16th.

Lot 31, 14 Liberty Square, Thurles, better known as the AIB Branch Office, has a Reserve Range price of €2,150,000 - €2,300,000. The bank investment building in a prime town centre location is described as comprising one ground floor retail banking hall with offices overhead, extending to about 1,027.81 sqm (11,063 sq ft). The building is let to Allied Irish Banks PLC (99.8% Government ownership).

The site has a lease expiry date in 2029. It benefits from having 13 car parking spaces to the rear. The entire property is at present let to Allied Irish Banks for a term of 20 years, from January 29, 2009 at a current rent of €215,000 per annum. The lease provides for rent reviews every fifth year, a break option in year 15 and contains full repairing and insuring covenants. The property is situated on the northern side of Liberty Square at the corner of Liberty Square and O’Donovan Rossa Street.Readers can contact Bryan Garry, bryan.garry@allsopspace.ie (0)1 667 3388.

Perhaps of more interest to many hurling fans is the sale of Lot 82, Hayes Hotel, the founding site of the GAA. GAA HQ have decided not to put in a bid for the iconic hotel, which has a Reserve Range price of between €450,000 - €500,000. The historic 30-bedroom hotel includes a reception, lounge bar, coffee dock, and two nightclubs (‘The Factory’ and ‘The Icon’), together with the famous Cusack’s Bar. The site extends out to some 1,949.9sqm (19,901 sq ft or 1.08 acres) in a prime location. The premises comes with a seven-day publican’s licence.

“At the behest of Michael Cusack seven men met in Hayes Hotel, Thurles on November 1st, 1884 and founded the Gaelic Athletic Association for the Preservation and Cultivation of our National Pastimes. Maurice Davin was elected President, Michael Cusack, John Wyse Power and John McKay elected Secretaries and Archbishop Thomas William Croke, Charles Stewart Parnell and Michael Davitt were asked to become patrons.” (Source - GAA). Contact Enda Hogan enda@allsopspace.ie (0)1 667 3388.