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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sat Oct 17, 2015 7:27 pm 
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Planning Tribunal Attendee

Joined: Jun 14, 2008
Posts: 1489
Location: ZimbabwEire
Priory hall apts to go on sale early next year.Selling as New Priory....orderly queue please.

Joking aside these are probably the safest apts in the State.

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"In a nation ruled by swine, all pigs are upwardly mobile—and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. We owe that to ourselves and our crippled self-image as something better than a nation of panicked sheep."
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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Wed Jun 01, 2016 1:17 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 6078
Location: SthDub
Bankruptcy extended for 5 years for total non co-operation

http://www.irishtimes.com/news/crime-an ... -1.2668592
Quote:
He had also failed to disclose his interest in 12 properties.
He had also presented to Mr Lehane the statement of affairs which he had used for his English bankruptcy when he knew that was incomplete and continued thereafter to fail to co-operate with his bankruptcy.
He also sought to “dictate” to Mr Lehane where he would be interviewed, insisting Mr Lehane travel to Derry or pay him to travel to Dublin.
He also “unilaterally” decided that claims by third parties concerning his estate were valid and therefore his estate had no claim to certain properties. He also decided his 20 per cent interest in some properties “and quite possibly 100 per cent interest” was of nil commercial value although there was no charge on the relevant properties.
Were it not for the investigations of Mr Lehane, Mr McFeely’s creditors would be at a loss as a result of his persistent breach of his statutory obligations, the judge added.
In these proceedings, Mr McFeely had “flatly refused” to provide the address or addresses where he now lives, failed to provide a sworn statement of affairs and has provided a statement of affairs prepared in his English bankruptcy which he knows to be false.
He had “greatly hindered” Mr Lehane in the administration of his estate and the effect of his non-cooperation was to severely prejudice the realisation of his estate for the benefit of his creditors.

No mention of jail of course


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Thu Oct 20, 2016 8:54 pm 
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Homeless

Joined: May 18, 2016
Posts: 23
Rimbaud wrote:
Priory hall apts to go on sale early next year.Selling as New Priory....orderly queue please.

Joking aside these are probably the safest apts in the State.


On sale now

http://www.daft.ie/dublin/apartments-for-sale/donaghmede/2-bed-apartment-new-priory-donaghmede-dublin-1333555/


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Thu Oct 20, 2016 9:02 pm 
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Under CAB Investigation

Joined: Apr 4, 2008
Posts: 2572
€165,000 for a two bed?

Must be a tasty yield on that, even with the location?

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Borrowers seeking mortgages have had to resort to saving deposits, forcing many to sit by and watch house prices tumble without being able to do anything about it. Sunday Independent - June 1 2008

I know a lot of them, like [Jimmy] Flynn, [Noel] O’Flaherty and the Baileys. You meet the Baileys at Croke Park every time you go there. You can’t avoid getting a slap on the back going in from them. Most of these guys lost their shirt. I feel sorry for them - Bertie Ahern


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Thu Oct 20, 2016 9:06 pm 
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Joined: Apr 9, 2014
Posts: 2130
Renting And Proud! wrote:
€165,000 for a two bed?

Must be a tasty yield on that, even with the location?

IIRC, DCC has stipulated no BTL investors.


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Thu Oct 20, 2016 9:10 pm 
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Under CAB Investigation

Joined: Apr 4, 2008
Posts: 2572
Luan wrote:
IIRC, DCC has stipulated no BTL investors.


Did not know that (not that I'd be in anyway au fait with the BTL market)

Still relatively cheap for a PPR if a two bed suited so

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Borrowers seeking mortgages have had to resort to saving deposits, forcing many to sit by and watch house prices tumble without being able to do anything about it. Sunday Independent - June 1 2008

I know a lot of them, like [Jimmy] Flynn, [Noel] O’Flaherty and the Baileys. You meet the Baileys at Croke Park every time you go there. You can’t avoid getting a slap on the back going in from them. Most of these guys lost their shirt. I feel sorry for them - Bertie Ahern


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Fri Oct 21, 2016 11:58 am 
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Private Tenant

Joined: Feb 7, 2014
Posts: 43
let's not forget it has taken the government/DCC 2 years to come up with a solution for residents and another 3 years to build 60 apartments as they've only renovated a portion of the development so far. So 5 years, if anyone thinks the government can solve any supply issues in the current market

for collapso porn watchers, i know these apartments sold for 245k for 2 bed off plans in 2005 and as high as 345k close to 'completion'


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Fri Oct 21, 2016 12:14 pm 
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Under CAB Investigation
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Joined: Feb 21, 2012
Posts: 2195
Location: South Dublin
It's a disgrace that they're even being sold - they'll be lucky to get back what they spent on remediation works based on the figures I've seen quoted for this mess in the past. They should be retained as homeless / council accommodation rather than sold for €165k each for standard 2 beds (€199k I think for the bigger 1000sqft 2 beds). If they do ensure that only owner occupiers buy them then at least they'd hopefully be helping FTBs with low budgets, but if they let BTL landlords buy these it's just ridiculous.

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Fri Oct 21, 2016 12:36 pm 
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Posts: 17351
I doubt they can legally stop BTL landlords from buying them in the long term.

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Fri Oct 21, 2016 12:40 pm 
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Private Tenant

Joined: Feb 7, 2014
Posts: 43
Mantissa wrote:
I doubt they can legally stop BTL landlords from buying them in the long term.


i'm guess the original BTL owners are getting properties back from the first phase so they want to keep the mix with owner occupiers with these sales


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