herald

Wednesday 22 November 2017

Mystery of Dalkey pad with sea views on sale for ¤200k

IT'S a luxurious two-bed palatial pad overlooking one of Ireland's most scenic bays.

But this magnificent property currently bears no official asking price.

No 1A Coliemore Road in Dalkey has two double bedrooms, an open-plan kitchen/living room and a large upstairs balcony overlooking the sea.

But the property continues to be shrouded in mystery.

Major interest was sparked last week when the property was put on the market for just €200,000 -- seemingly a potential bargain.

Estate Agent Frank Knight was inundated with enquiries and has now conceded that the property may have been "undervalued".

"I don't accept that we made a mistake by putting a value of €200,000 on the property but yes, it may have been undervalued," company boss Robert Ganly told the Herald.

However, Mr Ganly admitted that until further notice, he could not put a price on the lavish property.

He said that problems with the "title of ownership" and the high service charge of €6,497 were the factors for the astonishing price tag.

"We were under the impression that that there were problems with the title. We also felt there was a very high service charge. In essence it doesn't seem to be as much a problem as we thought. It will more than likely go for auction."

Problems with the title of ownership can range from someone else claiming ownership of the property, to something quite minor such as the property not being registered in the land registry.

Meanwhile, Mr Ganly said his company's lawyers are investigating a High Court hearing involving a very well known resident of Coliemore Road, Louis Walsh.

The Herald can confirm that Mr Walsh, along with a number of other apartment owners, has ongoing proceedings over alleged breach of contract.

The proceedings were taken by Mr Walsh and the other complainants in 2006 against the developer of the seafront apartment complex, Dalkey Island Hotel Company, the architect EN Kennedy and the management company Coliemore Apartments Management Ltd. The case is up for mention before the High Court next month.

hnews@herald.ie

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