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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Feb 09, 2018 10:04 am 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 6050
Location: SthDub
And they're back...with a bang

https://www.irishtimes.com/life-and-sty ... -1.3385749
Quote:
The O’Donnell family at the heart of the long-running Gorse Hill property saga is behind a €1.85 million acquisition of a stately Victorian home on one acre in Killiney, Dublin.
It is understood that retired solicitor Brian O’Donnell and his wife, Mary Pat, moved belongings into Laragh House on Killiney Avenue last September.
The sale of Laragh House was logged on the property price register in September 2017. The register does not disclose the identity of property buyers.
The substantial 641sq m (6,900sq ft) five-bed property is located just a short distance from the O’Donnells' former controversial Gorse Hill home on Vico Road which was sold by Bank of Ireland for €9.5 million in July 2017....
...The house retains a sweeping driveway and terraced lawns and patios. A former coach house on the grounds has also been converted as a two-bedroom mews. At the time of sale it was noted the property needed an upgrade and it’s understood some work has begun on the property.
The house retains original features typical of the Victorian era, in particular grand reception rooms at hall level, including a diningroom, drawingroom, study and music room. The basement was refurbished in recent years and includes a large Dalkey Design kitchen, dining and living spaces, a wine storage area and sauna. Upstairs are five bedrooms including a master bedroom with en suite and a private balcony terrace.

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A true Irish success story


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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Feb 09, 2018 10:31 am 
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Property Magnate

Joined: Mar 30, 2016
Posts: 696
nice house

good luck to them


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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Feb 09, 2018 7:00 pm 
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Migrant

Joined: Mar 9, 2015
Posts: 4
cyrusir wrote:
nice house

good luck to them


"Nice house"? Au contraire! Merely a Bog Standard House, as you well know.


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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Feb 09, 2018 7:01 pm 
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Holiday Home Owner

Joined: Sep 9, 2017
Posts: 336
Blood pressure Friday

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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Feb 09, 2018 7:14 pm 
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Of Systemic Importance

Joined: Sep 13, 2012
Posts: 5480
A lot of fireplaces in that gaff - count the chimney pots!

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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Feb 09, 2018 8:25 pm 
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Property Magnate

Joined: Oct 11, 2012
Posts: 707
Nice gaff alright. And not bad value (especially when someone else is picking up the tab)


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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Sat Feb 10, 2018 7:01 pm 
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Neo Landlord

Joined: May 21, 2017
Posts: 215
That's 25% off the original asking price in Feb. 2016. Fantastic negotiating skills in the current market .
https://www.irishtimes.com/life-and-sty ... -1.2546539

But how would you feel if you just paid a million Euro more for a smaller house nearby?

https://www.irishtimes.com/life-and-sty ... -1.2607812

https://www.propertypriceregister.ie/We ... enDocument

They must be so proud that, at the same time and so close by, the OA was able to realise more than five times that amount for Gorse Hill, thus reducing by a few million the vast mountain of debts which they worked so hard to accumulate and which the banks have landed on the shoulders of the Irish taxpayer.


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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Sat Feb 10, 2018 7:27 pm 
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Of Systemic Importance

Joined: Sep 13, 2012
Posts: 5480
Lefournier3 wrote:
That's 25% off the original asking price in Feb. 2016. Fantastic negotiating skills in the current market

Has the 1m+ market outside Dublin moved much the last few years?

(this is about 5km further from St Stephens Green than Tallaght, and really ought to be considered outside of Dublin in the current between-the-canals-or-gtfo mentality)

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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Sun Feb 11, 2018 12:11 am 
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Property Magnate

Joined: Mar 30, 2016
Posts: 696
Eschatologist wrote:
Lefournier3 wrote:
That's 25% off the original asking price in Feb. 2016. Fantastic negotiating skills in the current market

Has the 1m+ market outside Dublin moved much the last few years?

(this is about 5km further from St Stephens Green than Tallaght, and really ought to be considered outside of Dublin in the current between-the-canals-or-gtfo mentality)


Killiney is outside Dublin ?

Proximity to Stephens green must be the only advantage Tallaght has over Killiney . And the over 1m market in the area appears to be doing pretty well !


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 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Sun Apr 15, 2018 11:13 am 
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Posts: 10878
The Sunday Business Post online digest has this tantalising snippet: "The saga of Gorse Hill: How the Gorse Hill O’Donnells bounced back, debt-free and back into business...". Anyone with a subscription care to tell us the gist of the article? :D

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