If anyone has a handy million in their back pocket, they could become the owners of two large apartment blocks in Portarlington, with a total of 28 apartments between them.
“The Waterfront” off French Church Street and an apartment block on Bracklone Street have both been put up for sale by the receiver Kavanagh Fennell.
Both blocks had their tenants suddenly removed last year after their developers hit financial difficulties. There was dismay locally when the windows were boarded up, particularly for the Bracklone Street building, which is on a main road into the town.
It was targeted by the Dirty Old Towns volunteers earlier this month, who along with the residents of Brigid’s Square, gave the building and surrounding railings a fresh coat of paint in efforts to improve it. The block was built by Riverdrive Developments and is now for sale at a guide price of €225,000. It has six two bedroom apartments and two one bedroom.
Local developer Liam McMahon built “The Waterfront”, overlooking the Barrow river at French Church street. This has 20 apartments including four duplexes and 12 two-bedroom flats with the remainder in one bedroom flats. The three storey block is on the market for €795,000 by auctioneers DNG, who say both of the buildings are in need of refurbishment.
Cllr Paul Mitchell is glad that the buildings are not being left to deteriorate, but had sympathy for Liam McMahon.
“He built up a lot of business, and employed many local people, and that’s all gone. It’s a sad day to see a business going to the wall. But it is better to see the apartments sold and the boards taken off. They are only a few years old,
I’d rather see people back living in them,” he said.
DNG auctioneers say there is plenty of interest in the properties since they were advertised a week ago.
“We have had a good level of enquiries from all over the country, hopefully they will achieve a good price,” said a spokesperson.