THE home of former hotelier Brendan Dunne has been put back on the market for sale - with nearly €2m knocked off its price.
The property of Mr Dunne, of the Dunne Hotel Group, was withdrawn from the property market three years ago after failing to attract its guide price of €4.5m.
Now the palatial home on the North Circular Road is back on the market for nearly half the price.
The three-storey property, Shamrockville, on the city’s prestigious North Circular Road is now Limerick’s most expensive home with a revised guide price of €2.7m. The period home is set on 1.3 acres, on what its estate agents describe as “Limerick’s most sought after address”, with a “landmark residence” covering approximately 4,600 sq. ft.
The detached property features five bedrooms, four bathrooms, a games room, library, study, conservatory, drawing room, dining room, living room and coat room.
“It boasts superb accommodation combined with stunning period features throughout including a host of impressive fireplaces, original doors, feature stained glass window, to mention but a few details,” outlines the advert from agents DNG Dunne Cusack.
The property is one of nine luxurious properties in Limerick which has a price-tag in excess of €1m.
It is understood Shamrockville was formerly owned by Limerick solicitor Niall Gaffney, who passed away in 1986.
It was then bought by Brendan Dunne, of the financially troubled Dunne Hotel Group, which was forced to sell the Two Mile Inn on the Ennis Road for a knockdown price, amongst others in the west of Ireland.
The former hotel is now due to become a nursing home, while Patrick Punches hotel continues to operate successfully, after it was saved from the liquidation process last year.
A liquidator was appointed to a number of his hotels in October 2008 by the High Court, after a short period of examinership.
His family-owned hotel group, of which his wife Hilda was also a director, once enjoyed revenues of over €36m and employed about 200 people.
The most expensive property to sell in Limerick in recent months has been an eight-bedroom mansion on the grounds of Adare Manor.
The long awaited sale of this property, which was featured exclusively in the Limerick Leader, went ahead for less than €2m, inspite of having a guide price of €12m four years ago. It was built for a local developer but was never lived in.