Written answers
Wednesday, 9 November 2005
Department of Finance
State Property
8:00 pm
Joe Sherlock (Cork East, Labour)
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Question 136: To ask the Minister for Finance the current position regarding the planned sale of State property announced; the property sold to date and the amount raised; the way in which the money used has been raised; the properties it is planned to sell during 2005; and if he will make a statement on the matter. [33071/05]
Tom Parlon (Laois-Offaly, Progressive Democrats)
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As part of the transforming of State assets programme the following properties have been disposed:
| Disposed of in 2004. | ||
| Building | Method of Sale | Price |
| â'¬ | ||
| 2 Church St., Dungarvan, Co. Waterford | Public Auction | 337,000 |
| Lad Lane, Dublin 2. | Public Tender | 22,500,000 |
| Blacklion Customs Frontier Post Site — Cavan | Private Treaty to Cavan Co. Co. | 21,586.23 |
| 72-76 St. Stephen's Green, Dublin 2. | Public Tender | 52,300,000 |
| Kilmacthomas G.S., Co. Waterford | Private Treaty to Waterford Co. Co. | 100,000 |
| 14/16 Lord Edward Street, Dublin 8. | Public Tender | 8,780,140.48 |
| Thomastown GS, Co. Kilkenny | Public Auction | 450,000 |
| Total 2004: | 84,488,726.71 |
| Disposed of to-date in 2005. | ||
| Building | Method of Sale | Price |
| â'¬ | ||
| Dungloe Former SWO, Co. Donegal | Private Treaty | 300,000 |
| Leighlinbridge GS, Co. Carlow — disposal of part of site | Public Auction | 165,000 |
| Ashbourne GS — disposal of part of site | Public Auction | 2,125,000 |
| St. John's Road site (Westgate) | Public Tender | 44,916,551.79 |
| Ballinskelligs Old Garda Station, Co. Kerry | Public Auction | 409,693.03 |
| Kilronan CGS, Galway. Sale of site to Údarás. | Private Treaty | 1,416.53 |
| Galway — 16 Eyre Square | Private Treaty | 9,920.59 |
| Total 2005 (to-date): | 47,927,581.94 |
The bulk of the proceeds of these sales will go to finance the decentralisation programme while €10 million of the proceeds has been applied to priority projects, mainly in the Garda area.
Identification of properties surplus to requirements is continuously evolving; premature release of disposal information and timescales would affect the potential income from such disposals.
Properties identified for disposal before the end of 2005 are as follows:
| Property for Sale | Method of Sale | Guide Price-Sale Price |
| â'¬ | ||
| The former Vet. College, Shelbourne Road, Dublin 4 | Public Tender | 100m |
| 26-27 Eden Quay, Dublin 1. | Public Tender | 4m |
| Muff Garda station, Co. Donegal | Public Auction | 195,000 |
| Bridgend former Customs & Excise Post, Co. Donegal | Public Auction | 350,000 |
| Knocknagoshel Garda station house, Co. Kerry | Public Auction | 75,000 |
| Lynch's Lodge Hotel, Macroom, Co. Cork | Public Tender | 3.5m |
| Gardiner St. former SWO, Dublin 1. | Private Treaty | Property swap plus 2.5m |
| Chantilly site, Rathmichael, Co. Dublin | CPO compensation | 4.5m |
| CPO Ballyshannon SWO, Co. Donegal | CPO Compensation | 2,500 |
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