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Who owns/owned Moneenageisha Court?

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  • 08-04-2013 3:25pm
    #1
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭


    A 25 unit estate adjacent to the cemetery and Moneenagisha cross has come to the market. I never realised that the whole lot was owned by one entity. I presume all the properties have been rentals from day one. Anyone know who owns it, has it been Nama'ed? http://www.odonnjoyce.com/residential/brochure/2435435
    Moneenageisha%20Aerial%202_m.jpg


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    #2
    Paddyfield
    Registered Users Posts: 509 ✭✭✭Paddyfield


    It was originally built and managed by the Cormican family. They also developed the commercial and residential site in Westside opposite Dunnes Stores (Domino's Pizza, Subway, In Kitchens etc ).

    Mu mate is an electrician who worked for them and he says that they always insisted on quality and they always paid on time.


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    #3
    antoobrien
    Registered Users Posts: 6,106 ✭✭✭antoobrien


    snubbleste wrote: »
    A 25 unit estate adjacent to the cemetery and Moneenagisha cross has come to the market. I never realised that the whole lot was owned by one entity. I presume all the properties have been rentals from day one. Anyone know who owns it, has it been Nama'ed? http://www.odonnjoyce.com/residential/brochure/2435435
    Moneenageisha%20Aerial%202_m.jpg

    Doesn't look like it's been NAMAed as it's not on their lists (http://www.nama.ie/about-our-work/properties-enforced/properties-subject-to-enforcement-action/).

    From the planning permissions on the council website, Cormicans were the builders involved.


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    #4
    Gingganggooley
    Registered Users Posts: 192 ✭✭Gingganggooley


    Yes, Cormican's built and subsequently let it.


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    #5
    dilallio
    Registered Users Posts: 2,728 ✭✭✭dilallio


    Is the haunted house part of that development?


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    #6
    civis_liberalis
    Registered Users Posts: 3,772 ✭✭✭civis_liberalis


    antoobrien wrote: »
    Doesn't look like it's been NAMAed

    The tenants appear to be paying their rent into a receiver account.

    O'DonnJoyce are/were refurbishing the estate and letting each one out as they finished them.

    Have viewed a few of the houses. Seem decently built and insulated (for a development).


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    #7
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    dilallio wrote: »
    Is the haunted house part of that development?

    No, see the zig zag red line in the picture.


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    #8
    Notch000
    Registered Users Posts: 1,472 ✭✭✭Notch000


    dilallio wrote: »
    Is the haunted house part of that development?

    tell us more


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    #9
    biko
    Registered Users Posts: 81,220 ✭✭✭✭biko


    Notch000 wrote: »
    tell us more
    http://www.boards.ie/vbulletin/showthread.php?p=58957993
    http://www.boards.ie/vbulletin/showthread.php?p=79285190


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    #10
    antoobrien
    Registered Users Posts: 6,106 ✭✭✭antoobrien


    civis_liberalis wrote: »
    The tenants appear to be paying their rent into a receiver account.

    There are plenty of banks that are outside NAMA. If it's true that a receiver has taken over the property and the loan was with anyone but AIB, Anglo, BOI, EBS, IL&P & INBS, then the receiver would have nothing to do with NAMA and the property would not appear in the NAMA list.


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    #11
    Fozzie Bear
    Registered Users Posts: 1,178 ✭✭✭Fozzie Bear


    Gingganggooley wrote: »
    Yes, Cormican's built and subsequently let it.

    The same Cormicans involved in the failed Clarinbridge Court Hotel and Redington Woods developement the hotel is built on??


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    #12
    June Bird
    Registered Users Posts: 47 ✭June Bird


    I'd say that they would have received a nice property tax bill there if they were owners of the entire development!! Are they selling all the houses as one bundle?


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    #13
    Mrs OBumble
    Registered Users Posts: 25,960 ✭✭✭✭Mrs OBumble


    dilallio wrote: »
    Is the haunted house part of that development?

    Look at the picture in the OP - pretty clearly shows its not.


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    #14
    Koops80
    Registered Users Posts: 49 ✭Koops80


    Mrs OBumble wrote: »
    Look at the picture in the OP - pretty clearly shows its not.

    Echo?

    Question was already answered and politely too


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    #15
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    It was sold for €2.1m

    Four beds rent €950pm
    Three beds rent €900pm

    Good deal for the buyer methinks


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