Written answers
Wednesday, 28 June 2006
Department of Finance
State Property
11:00 pm
Eamon Gilmore (Dún Laoghaire, Labour)
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Question 97: To ask the Minister for Finance the position regarding the planned sale of State property announced by the Minister of State; the property sold to date and the amount raised; the way in which the money used has been raised; the properties planned to sell during 2006; and if he will make a statement on the matter. [24961/06]
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:
| Disposed of in 2004 | ||
| Property | Method of Sale | Price |
| € | ||
| 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 Co. Co. | 21,586.23 |
| 72-76 St Stephen's Green, Dublin 2. | Public Tender | 52,300,000.00 |
| Kilmacthomas G.S., Co. Waterford | Private Treaty to Waterford Co. Co. | 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 |
| € | ||
| 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 | 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 |
| € | ||
| 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 |
| Athboy Garda Station, Co. Meath — Disposal of rear of property. | Private Treaty | 3,266.54 |
| Tipperary former Military Barracks — Tenure & Disposal | Private Treaty (Tipperary UDC) | 2,540.00 |
| Tipperary former Military Barracks — Tenure & Disposal | Private Treaty (South Eastern Health Board) | 4,444.00 |
| Faculty Building, Shelbourne Road, Ballsbridge, Dublin 4 | Public Tender (Closing date 30th June '06) | 35,891,000.00 |
| Total (To-date) 2006 | 209,759,396.98 |
The proceeds of these sales are forwarded to the Department of Finance as extra Exchequer receipts to be offset against funding for decentralisation.
Properties identified to date for disposal in 2006 are as follows:
| Property for Sale | Method of Sale | Guide Price / Sale Price |
| € | ||
| Muff Garda Station, Co. Donegal | Public Auction | 195,000 |
| Bridgend former Customs & Excise Post, Co. Donegal | Public Auction | 350,000 |
| Gardiner St. former SWO, Dublin 1. | Private Treaty | Property swap plus €2.5m |
| CPO Ballyshannon SWO, Co. Donegal | CPO Compensation | 2,500 |
| 38-39 Parnell Sq. West, Dublin 1 | Public Tender (Due 7th July '06) |
Identification of properties surplus to requirements is continuously evolving; premature release of disposal information and timescales would affect the potential income from such disposals.
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