independent

Sunday 25 August 2019

South 51 on the market with €275,000 pricetag

TWO WEXFORD TOWN PROPERTIES IN LATEST ALLSOP SALE

A WELL-KNOWN Wexford pub which went into receivership last year, is now on the market for €275,000.

South 51 on the Main Street, formerly owned by Bobby O'Neill, will be auctioned at a sale of distressed properties in Dublin next month.

Allsop Space have advertised the three-storey property in its latest catalogue of lots to be auctioned at the Shelbourne Hotel on October 3. It is being sold on the instructions of the joint receivers, Simon Coyle and Nicholas O'Dwyer of Mazars.

The end of terrace premises which was popular as a party venue under former owner Bobby O'Neill, holds a seven-day publican's licence.

A receiver was appointed to the business by Bank of Ireland Scotland in November 2011.

Another Main Street property, also formerly owned by Bobby O'Neill, is being auctioned by Allsop on the same date.

The retail unit at 105 South Main Street was previously occupied by a sweet shop and newsagents.

The three storey premises has a self-contained three-bedroom apartment on the upper floors. The reserve price is €100,000. Again, the property is being offered for sale on the instructions of the receiver Mazars. It will also be auctioned on October 3. Both properties are available for viewing on Tuesdays between 11 a.m. and 12 noon.

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