Written answers
Tuesday, 28 February 2006
Department of Finance
State Property
11:00 pm
Mary Upton (Dublin South Central, Labour)
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Question 81: To ask the Minister for Finance the 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 2006; and if he will make a statement on the matter. [7880/06]
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.
| Property | Method of Sale | Price |
| â'¬ | ||
| 2 Church St., Dungarvan, Co. Waterford | Public Auction | 337,000.00 |
| Lad Lane, Dublin 2. | Public Tender | 22,500,000.00 |
| Blacklion Customs Frontier Post Site — Cavan | Private Treaty to Cavan County Council | 21,586.23 |
| 72-76 St. Stephen's Green, Dublin 2. | Public Tender | 52,300,000.00 |
| Kilmacthomas GS, County Waterford | Private Treaty to Waterford County Council | 100,000.00 |
| 14/16 Lord Edward Street, Dublin 8. | Public Tender | 8,780,140.48.00 |
| Thomastown GS, Co. Kilkenny | Public Auction | 450,000.00 |
| TOTAL 2004 | 84,488,726.71 |
| Disposed of in 2005 | ||
| Property | Method of Sale | Price |
| â'¬ | ||
| Dungloe Former SWO, Co. Donegal | Private Treaty | 300,000.00 |
| Leighlinbridge GS, Co. Carlow — disposal of part of site | Public Auction | 165,000.00 |
| Ashbourne GS — disposal of part of site | Public Auction | 2,125,000.00 |
| 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 (Part) | Private Treaty | 9,920.59 |
| 26-27 Eden Quay, Dublin 1. | Public Tender | 4,205,000.00 |
| Chantilly site, Rathmichael, Co. Dublin | CPO compensation | 5,162,202.65 |
| TOTAL 2005 | 57,294,784.59 |
| Disposed of in 2006 | ||
| Property | Method of Sale | Price |
| â'¬ | ||
| The former Vet. College, Shelbourne Road, Dublin 4 | Public Tender | 171,558,110.36 |
| Lynch's Lodge Hotel, Macroom, Co. Cork | Public Tender | 2,300,036.08 |
| TOTAL (To-date) 2006 | 173,858,146.44 |
The total amount raised in direct disposals since the announcement of the transforming of State assets project is approximately €315 million. The proceeds of these sales are forwarded to the Department of Finance as extra Exchequer receipts to be offset against funding for decentralisation.
Identification of properties surplus to requirements is continuously evolving; premature release of disposal information and timescales would affect the potential income from such disposals. However, below is a list of properties which are scheduled to date for disposal in 2006.
Properties identified for disposal in 2006 are as follows:
| Property for Sale | Method of Sale | Guide Price / Sale Price |
| Muff Garda Station, County Donegal | Public Auction | â'¬195,000 |
| Bridgend former Customs & Excise Post, County Donegal | Public Auction | â'¬350,000 |
| Knocknagoshel Garda Station House, County Kerry | Public Auction | â'¬75,000 |
| Gardiner St. former SWO, Dublin 1 for Trinity Hall, Abbey Street. | Private Treaty | Property swap plus €2.5m payment to OPW |
| CPO Ballyshannon SWO, County Donegal | CPO Compensation | â'¬2,500 |
| Faculty Building, Shelbourne Road, Ballsbridge, Dublin 4 | Public Tender | Commercially sensitive |
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