Crèche in Rathfarnham sells for €725,000 at auction

Crèche in Rathfarnham sells for €725,000 at auction

By Brendan Grehan

A RATHFARNHAM crèche sold for €725,000 in the latest Allsop online auction on Tuesday last (December 13). The Crèche on Loreto Abbey on Grange Road had a reserve of between €670,000 to €700,000.

At the moment the building is let to Giraffe Childcare and the rent is reserved at €70,000p.a.

Block M Creche Loreto Abbey Grange Road Rathfarnham Dublin 14 sold for 725000 15 December 2016

The property is set within the Loreto Abbey residential development, which includes an impressive collection of former school/college buildings located on Grange Road.

The building was remodelled as part of the overall development on the grounds of Loreto Abbey and comprises a single storey stand-alone crèche facility.

A one-bedroom apartment in Clondalkin sold for €89,000. The apartment at Rath Gael in Deansrath had a reserve of between €75,000 to €85,000.

The property extends to approximately 44 sq m (473 sq ft).

Over in Park West, a warehouse unit sold for well over the reserve at €484,000. The warehouse on Beech Road in the Western Industrial Estate had a reserve of between €180,000 and €200,000.

The property is arranged over ground and part first floor to provide a warehouse unit. Internally the property comprises two-storey office accommodation to the front of the building with warehouse accommodation to the rear.

The Total floor area extending to approximately 994 sq m (10,699 sq ft).

A house in Knockmore Gardens in Tallaght sold for €128,000. The end-of-terrace three-bedroom house had a reserve of €80,000 to €90,000. Extending to approximately 82 sq m (887 sq ft).

The house has parking to the front and a charming garden to the rear.


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