€6.6 MIL­LION FOR LANDS

NOVEM­BER 2003

The Argus - - NEWS -

LAND at Mul­la­har­lin Road sells for €6.6 mil­lion.

The prime res­i­den­tial land (c.8.25ha) is ad­ja­cent to DkIT, PJ Car­roll’s and Xerox, and is bor­dered to the east by the Dublin Road and to the south by the South­ern Link Road.

The site fetches €330,000 to €335,000 an acre, with­out plan­ning per­mis­sion, al­though the land is zoned for res­i­den­tial de­vel­op­ment.

How­ever, the iden­tity of the suc­cess­ful bid­der re­mains con­fi­den­tial. The prop­erty is bought in trust by a Drogheda so­lic­i­tor.

The land goes on the mar­ket af­ter a third bid of €4.5 mil­lion, sur­pass­ing the €4 mil­lion guide price.

‘At the end of the day, it’s that old say­ing, ‘ lo­ca­tion, lo­ca­tion, lo­ca­tion,’’ says auc­tion­eer Philip Gunne.

Lo­cal de­vel­op­ers at the auc­tion are stunned at the fi­nal price, rais­ing the pos­si­bil­ity the suc­cess­ful bid­der is a Dublin-based de­vel­oper, per­haps see­ing the price as value for money against cur­rent land val­ues in the cap­i­tal and its hin­ter­land. PRES­I­DENT Mary McAleese is kept busy dur­ing a visit to north Louth.

Her first of­fi­cial duty is to open Gara­ban Amenity Park at Duffy’s Cross, an area de­vel­oped by lo­cal peo­ple from a derelict site into a bowl­ing green, pic­nic area and shrub­bery.

It is the cul­mi­na­tion of more than two years’ work by the com­mu­nity.

The pres­i­dent also vis­its Darver Cas­tle which has un­der­gone a con­sid­er­able re­vamp by owner, Pa­trick Carville, who in­vests £800,000 in the cas­tle’s ac­qui­si­tion and ren­o­va­tion.

Pres­i­dent McAleese of­fi­cially opens Dun­dalk Rape Cri­sis Cen­tre, the first of its kind in the north-east re­gion.

It is es­tab­lished as a great need is identi- fied to pro­vide help and sup­port for vic­tims and sur­vivors of rape, sex­ual abuse and other forms of sex­ual vi­o­lence.

The cen­tre caters for Louth, Mon­aghan, Ca­van, Ar­magh, Ty­rone and Down, and is funded by the North East­ern Health Board.

A hec­tic day for Ire­land’s first lady con­cludes in the Car­rick­dale Ho­tel where she launches a ‘Books Across The Bor­der’ project, a ven­ture be­tween Dun­dalk and Newry li­braries.

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