Boylesports Headquarters in Dundalk sells for €1.875m

The Boylesports Headquarters in Dundalk, which sold this morning for €1,875,000

The Boylesports Headquarters in Finnabair Business and Technology Park on the Inner Relief Road sold at auction this morning for €1,875,000.

The office building, which extends to approximately 1,610.33sqm (17,333sq ft), was auctioned off at the Allsop Space auction in the RDS.

The identity of the buyer is not known although Boylesports owner John Boyle was believed to be amongst those interested in the building.

There were multiple bidders for the property, with interest slow initially before finally getting off the ground at the reserve of €1.45m.

The building is currently let to Boyle Bookmakers Ltd – trading as Boylesports – who have a lease running until August 2018.

Their current rental agreement is for a 15 year period at a rent of €250,000, exclusive of VAT and rates. The lease provides full repairing and insuring convenants and upwards only rent reviews every five years.

Considering the rent they are paying on the building, Boylesports – who have 192 branches nationwide – were expected to be involved in the bidding process.

Last year the company revealed plans to cut its rent bill and owner John Boyle would certainly have the capital with last year’s Sunday Times Rich List estimating him to have a €51m fortune – making him the joint 195^thrichest man in the country.

According to Allsop Space: “The property is arranged over ground and first floors to provide a detached modern office headquarters. The offices are set across two wings either side of a central glazed atria.”

Boylesports Headquarters in Dundalk set to go under the hammer at Allsop Space auction

The Boylesports Headquarters in Dundalk, which will have a reserve of between €1.4m and €1.5m when it goes under the hammer later this month

The Boylesports Headquarters in Finnabair Business and Technology Park on the Inner Relief Road is set to go under the hammer later this month for between €1.4m and €1.5m.

The office building, which extends to approximately 1,610.33sqm (17,333sq ft), will be auctioned off at the Allsop Space auction in the RDS on February 25^th.

The building is currently let to Boyle Bookmakers Ltd – trading as Boylesports – who have a lease running until August 2018.

Their current rental agreement is for a 15 year period at a rent of €250,000, exclusive of VAT and rates. The lease provides full repairing and insuring convenants and upwards only rent reviews every five years.

Considering the rent they are paying on the building, Boylesports – who have 192 branches nationwide – will be expected to be amongst the bidders for the building.

Last year the company revealed plans to cut its rent bill and owner John Boyle would certainly have the capital with last year’s Sunday Times Rich List estimating him to have a €51m fortune – making him the joint 195^th richest man in the country.

According to Allsop Space: “The property is arranged over ground and first floors to provide a detached modern office headquarters. The offices are set across two wings either side of a central glazed atria.”

St Vincent de Paul retain hope of completing day care centre on Inner Relief Road

An artist’s impression of the day care centre

St Vincent de Paul haven’t given up hope of completing their day care centre at Hoey’s Lane and the Inner Relief Road roundabout.

Earlier this week’s the society’s area council applied to Dundalk Town Council for planning permission to retain and complete the two storey building.

The construction of the €2.2m centre was halted before its completion in 2010 by Finnabair Estates, owners of the Dundalk Retail Park.

Since then the site has been left idle, with a number of accidents occurring over the years. In 2010 there was a fire at the site while in January 2012 a local teenager broke his neck after falling from a height at the site.

Finnabair Estates had planned to complete the centre at no cost for the benefit of the local community but fell into financial difficulty and are now in receivership.

Despite St Vincent de Paul’s planning application, there remains plenty of work to be done at the site and question marks will continue to be raised over how that will be funded.

The centre was to provide facilities to cater for upwards of 100 elderly people, providing daily meals and entertainment, as well as transport to and from the centre.