A dilapidated Celtic Tiger construction in Letterkenny did not go to auction as planned because of a legal hitch, it has emerged.
However, the Port Road Student Village opposite Letterkenny Institute of Technology (LYIT) on the Port Road has returned to market and will finally go under the hammer next week.
The property was to be sold last month at auction – and has a minimum guide price of €300,000 - by property agency O’Donnellan and Joyce Auctioneers, but it was delayed.
There are several rundown buildings at the site and Letterkenny’s mayor, Cllr Jimmy Kavanagh, hopes a sale will rid the town of the eyesore, which includes 16 apartments and was built in 2005, but later fell into a state of disrepair.
The full story appears in today's (Thursday's) edition of the Letterkenny Post newspaper, which is a sister publication of Donegal Now.
Auctioneer Hugh O’Donnellan told Donegal Now: “It was postponed prior to the auction.
“We are selling it on behalf of a client, but there is an assets company behind it.
“There was a legal matter that wasn’t resolved prior to the auction.
“Pending that, it could come back to market in the coming weeks.
“We have a date of December 14 in Galway for the next auction, but we are not sure if that will be too early for this property.”
However, there has been a quick turnaround in developments, and the property is now listed again for auction with open viewings scheduled for this weekend.
The auctioneers’ office confirmed the change to Donegal Now.
Viewing is available this Saturday from 1pm to 2pm.
The auction is scheduled for Galway on Thursday, December 14.
Some of the buildings in the development are named after famous Irish writers like Seamus Heaney, Brian Friel, and Patrick Kavanagh.
A photograph that has been used to advertise the sale shows a picture of Aras Seamus Heaney.
The Port Road Student Village was built during the boom as offices and to provide student accommodation.
They now seem entirely abandoned.
Donegal Now’s photos of the buildings show them looking empty and derelict with discarded furniture and glass from broken windows lining the streets below them.
Letterkenny’s mayor has already expressed fears that the buildings could pose a threat to life.
Cllr Kavanagh, who was elected in June past, told Donegal Now: “We don’t need broken windows and derelict-looking buildings like these in our town.
“We have seen so much of these types of properties that were bought during the boom.
“We don’t want anti-social behaviour developing, we don’t want fires breaking out. We don’t need that in Letterkenny.”
He added: “It would be great if they could be sold quickly. They are not realising their potential. To improve them and bring them into use for the town of Letterkenny would be great.
“We need more accommodation in the town and we haven’t seen the value of these buildings realised since they were unveiled.
“I welcome the fact that they are to be sold. Hopefully we’ll get a buyer soon and that the buildings can then realise their potential for the town.”
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