This article is from page 4 of the 2013-02-26 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 4 JPG
IT IS not so much the possible hotel rates as much as the commercial rates that are concerning one possible bidder for an Ennis hotel that goes on sale at a basement price reserve this Friday.
An interested party in the sale of the Ashford Court Hotel on the Old Mill Road, Ennis, said commercial rates is a concern for most potential business owners.
According to the Valuation Office of Ireland, the commercial rate on the hotel to be sold as part of an auction of distressed properties, is set at € 185. The current rate set by Ennis Town Council is € 65.45 bringing the annual rate for this property to € 12,108.25.
The 27-bed Ashford Court Hotel is being sold on the instruction of receiver Kieran Wallace of KPMG at the Allsop Space auction in the Sherbourne Hotel, Dublin. Its reserve is not to exceed € 215,000.
Set on 0.072 hectares, the property will be sold with all contents to be included.
The Ennis hotel is not the only Clare property going under the ham- mer during the auction.
The Allsop Space auction will also feature the well-known Kilkee Bay Hotel.
The familiar landmark hotel on the Kilrush road into Kilkee will go to auction with a reserve not to exceed € 315,000.
A house in Mountshannon is also included among the 155 properties listed.