Bidding war for Limerick church

Alan Owens

Reporter:

Alan Owens

TWO “serious” bids have been made for the former Sacred Heart Church and residence at the Crescent, which is expected to be sold in the “very near future”.

TWO “serious” bids have been made for the former Sacred Heart Church and residence at the Crescent, which is expected to be sold in the “very near future”.

The former Jesuit church has been on the market since April of this year and has attracted strong interest given its knockdown guide price of €800,000, just a fraction of the reputed €4 million that now-deceased Galway developer John O’Dolan paid for the property in March 2006.

The church and five storey Georgian residence - boasting approximately 22,000 square feet across the property - is being sold by private treaty on the instruction of receiver Grant Thornton.

Auctioneer Gordon Kearney of Rooneys, joint agents for the sale along with Bannon in Dublin, said that two bids had been lodged for the property which were “coming close to our expected price”.

“We are actively on the market and selling at the moment and it is going to be sold in the very near future,” he said. “There are bids coming close to our expected price, but the bidding isn’t finished yet,” he added.

Mr Kearney said there had been “huge interest” in the property and stressed: “It is going to be sold and very soon, so life is going to be brought back into the area which is fantastic”.