This article is from page 8 of the 2012-09-25 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 8 JPG
THE Merriman Hotel in Kinvara is going on auction again this week, with the guide price set at just € 400,000, or € 12, 500 per bedroom.
The 32-bedroom hotel, located in the very centre of Kinvara, was auctioned already this year but that deal was not brought to completion.
On that occasion, the hotel was sold to the highest bidder for a price of € 610,000 and it remains unclear whether it will reach those heights again.
Along with the 32 bedrooms, the hotel also boasts a bar with the capacity to seat 200 guests, a dining room with licence capacity for 100, a kitchen, study, entrance hall and private secure car parking.
During the property boom, a number of luxury six-bedroom houses in Kinvara sold for more than € 1 million, or roughly € 170,000 per bedroom.
If the Merriman reaches its previous auction price of € 610,000 from earlier this year, it will be sold for just over € 19,000 per bedroom.
The auction will take place on Friday, September 28 at 3pm at the Victoria Hotel in Galway unless it is previously sold.
The property is being brought to auction by O’Donnellan and Joyce Auctioneers.
Meanwhile, property prices continue to fall across Clare, according to the Myhome.ie price change index.
Of the 48 houses whose asking price changed in the county so far this September, 46 reported a reduction in the asking price.
The largest drop in asking price was for a large thatched property in Doolin whose asking price fell by € 150,000, from € 500,000 to € 350,000.