Priory Hall developer’s former D4 home on market for €6m
Larry O’Mahony’s Shrewsbury Road home for sale
Developer Larry O’Mahony was involved in the disastrous Priory Hall apartment scheme
The former Shrewsbury Road home of developer Larry O’Mahony has been put on the market today with an asking price of €6 million. O’Mahony was involved in the development of the disastrous Priory Hall apartment scheme with Tom McFeely.
O’Mahony, a regular polo player, was a high flyer of the recent property boom, and filed for bankruptcy in the UK in 2012 from which he was discharged last year. In late 2013, Nama was granted a possession order for the 465sq m (5,000sq ft) house on Dublin 4’s most prestigious road, and the family were directed to quit the home in early December.
At the time O’Mahony had four outstanding loans totalling €6.75 million secured on the property by Irish Nationwide Building Society, though nothing had been paid off since December 2010.
O’Mahony’s business partner McFeely’s own former home, Coolbawn, located on nearby Ailesbury Road was sold by Nama last year for €2.6million to former Ireland editor of the Sunday Times, Rory Godson and his wife, Hilary Hynes. The house made headlines when €140,000 was discovered under the bath by a plumber. This week, selling agent Peter Kenny of Colliers International confirmed no similar discovery had been made at Number 7 Shrewsbury Road.
O’Mahony, his wife, Christine Connolly, and their three children lived in the Tudor-style house from the late 1990s. Around 2008, extensive works were carried out on the 1930s-built semi-detached property which increased its floor space by about a third.
According to Peter Kenny, the asking price of €6 million is consistent with recent sales on the road. In late 2012 Number 9, next door, Lissadell, a detached redbrick of 344sq m (3,700sq ft) on 0.7 of an acre, sold for €6 million, and Number 8, across the road, sold in January 2012 for €5.2million. This pricing places a notional value on properties on the road of just over €1000 per sq ft.
Number 7, now unfurnished, was extended to the side to successfully create a convincing double-fronted facade, though it is semi-detached. The rooms are generously proportioned, though new owners will want to rework some elements.