Back in May 2013, I wondered whether 53 Percy Place, Dublin 4, which Waterways Ireland was being forced to sell to dig the Clones Sheugh, would still be on its hands in a year or two. And so it was, but in August 2015, I noted that the property was for sale to fund Saunderson’s Sheugh, which we’re all pretending is the Clones Sheugh (aka the Ulster Canal).
The interesting point was that Messrs CBRE wanted over €1.6 million for the site, which was the valuation put upon it in 2008. The 2012 valuation was €650,000 and the 2013 €800,000. I wrote:
On the basis of its asking price for Percy Place, WI seems to believe that the property collapse is over; perhaps it is even now in negotiation to develop Plot 8 and build a sheugh all the way to Clones. In the meantime, if it gets €1.6 million for Percy Place, that will help to alleviate the damage caused by the smash-and-grab raid carried out by the Department of Fairytales to pay for Saunderson’s Sheugh.
Well, it seems that the boom is back. According to the respectable people’s Sunday newspaper, the Sunday Business Post, of 18 October 2015, WI got over €2 million for the site. The SBP is paywalled and I can’t find online confirmation elsewhere, but it’s a high price.
I did note on the CBRE site that the Twelfth Lock Hotel, that haunt of Stakhanovite homoeroticism on the Royal Canal in Blanchardstown, is for sale again. I haven’t been there for some years, so I don’t know whether the mural is still extant.