
Former AIB Donnybrook branch primed for restaurant or retail use at €2.5m
AIB
building in Donnybrook, Dublin 4, for sale at a guide price of €2.5 million. The property, at 69-71 Morehampton Road, is alternatively being made available to let at an annual rent of €180,000.
Located at the junction of Morehampton Road and Marlborough Road, the property comes to the market with the benefit of two grants of planning permission in place. The first of these approvals permits the use of the building for grocery retail with ancillary off-licence and stores. The second permits restaurant/cafe use and upper-floor medical/office use.
The property occupies a prime trading position within Donnybrook village with 17.5m of frontage on to Morehampton Road and a total of 365 sq m (3,928 sq ft) of space distributed across ground and first-floor levels. The subject property has a rear yard, which is accessed off Marlborough Road.
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AIB weighs sale of more problem loans with face value of €500m
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The building has had bespoke feature glazing installed by the owner and is being offered to the market in shell condition, ready for fitout by a new owner or occupier.
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Irish Daily Mirror
6 hours ago
- Irish Daily Mirror
Location of Ireland's newest millionaire announced by EuroMillions bosses
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Irish Times
7 hours ago
- Irish Times
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Carton himself grew up around the area. His father, also John, was the dredge master of the port. 'He gave me the love of the sea and respect of the sea.' For Carton's 10th birthday, his father gave him a 31-foot wooden boat with a sail and an outboard engine, as well as a sense of trust that the young boy would be able to safely manage it. 'Originally, Sligo was trading with Spain, Portugal and up into the Baltics. Back then, Sligo was a bigger settlement than Galway, and a bigger trading town than Galway.' What was being traded? 'Oats, barley and potatoes were going out. Gin, wine and spices were coming in. There were casks of sherry coming in from Portugal. Sligo was also trading with a lot of European ports, and selling some of these things on again.' This back and forth of trading continued all through the 1800s and into the early 20th century, via sailing vessels and steam boats. In addition to goods, many people from the west of Ireland emigrated via Sligo port. During the Famine of the 1840s, thousands sailed for Canada and the US. 'As a child who lived in a port area, you would see lots of different crews coming in over time. It widens your horizons.' He recalls that in the 1970s, Sligo was exporting cattle to Glasgow, Liverpool – and every three weeks – to the unlikely location of Libya. 'That was when Gaddafi was in power,' he says. How many cattle were being exported to Libya in the 1970s from Sligo? 'In enough numbers to justify the journey every three weeks. I've looked at the records, and they just say 'cattle'.' (The port records are stored in the Sligo County Museum.) 'To me, the county town is the town that is the focus of your county, and that's what Sligo is. We were a port town first, and then the railway came afterwards to connect us.' Sligo port remains a working port. 'We export fish meal, and logs to make paper. The fishmeal is processed in Killybegs and goes to Norway, Greece, and the UK. Timber goes to Scotland, Germany and Belgium.' A paper log is still maintained for all ships that come in and out of Sligo. The average number of ships into harbour a year has been 20 in recent years, but by the time I talk to Carton in early July, that number has already been exceeded. 'It'll be more like 40 this year,' he says. Could more be made of the port in terms of tourism or leisure? 'A lot of Irish towns had turned their back on the water, but now that is now changing. There are plans to build a marina at Rosses Point, so we will see what happens.' [ The ancient Irish town battling against decline: 'It used to be the centre of things, but those days are gone now' Opens in new window ] Later that evening. I find myself crossing the Hyde Bridge. It's raining. Even so, I stop for a couple of minutes, lean on the bridge and listen to the rushing waters of the Garavogue river sweeping underneath, as if unseen creatures are urgently calling to each other as they pass by. If towns have distinctive sounds, this is what Sligo sounds like, and always has. Next week: Rosita Boland visits Clonmel


Irish Times
10 hours ago
- Irish Times
There's one scenario in which tariffs won't be a disaster for Ireland
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Ibec chief economist Gerard Brady calculates that exporters accounting for about 10 per cent of our export value to the US now know their tariff and another 10-15 per cent await news on exemptions from tariffs being negotiated between the US and the EU. The remaining 75 per cent or so of pharma and semiconductor exporters will have to wait for separate investigations now under way in the Trump administration. READ MORE There is a potential outcome from all this which, while damaging, would not be disastrous for Ireland in the short term. There will be problems, but the economy could adjust and adapt. While the Department of Finance estimates that the tariffs could lead to employment being 70,000 lower in five years' time and the economy 1.5 per cent smaller are, at best, a rough guesstimate, they do look to be in the right direction. On current trends, this would mean growth continuing, just not as quickly as it would have. We can assess the potential damage for Ireland only when we know the full details. The spirits and whiskey sectors look exposed, for example, as the US says it is a target for the 15 per cent tariffs. As this is a big issue in France, there will be an EU push in the week ahead, before final details of the deal with the US are published, to try to lower the burden here. As well as the impact on Ireland, this is one to watch at political level in the EU, as France puts pressure on Ursula von der Leyen 's European Commission , which negotiates on behalf of the EU. As butter, another vital Irish export, was already subject to a tariff of about 16-17 per cent (which will remain), things will at least not get any worse here. If we want to identify problem areas, smaller companies reliant on the US in a range of sectors is one. Small may no longer be beautiful in a complex and politically-driven world market. And it is also worth focusing on the risks to parts of rural Ireland – as highlighted by Chambers Ireland chief executive Ian Talbot – particularly those reliant on sectors such as food and also pharma and medical products. Towns such as Westport and Kinsale will anxiously await details on the pharma tariffs. [ EU-US trade deal analysis: Tariffs have a price for both sides. Trump was willing to pay it Opens in new window ] And here things remain a bit woolly, largely because the US president is undertaking study of this sector under a so-called section 232 process – referring to a section of a 1960s US act. This is separate from the big so-called reciprocal tariffs announced on Friday. The EU view is that its deal caps tariffs on pharma at 15 per cent – including any outcome from this separate process. If this holds, the sector at least knows its maximum charge. A big report – due shortly – has been drawn up for Trump under section 232, which looks at national security issues from trade and how more of the supply chain of key products can be brought back to the US from countries such as Ireland. Let's hope Trump does not revisit the 15 per cent maximum tariff figure as part of this. Tariffs are only one of Trump's policies options. On Thursday, he issued a letter to 17 of the big pharma companies demanding they cut prices in the US to the lowest level applying elsewhere. As a big buyer of pharma, the US state machinery has a lot of power here. Imposing high tariffs appears to run counter to the drive for lower prices. So the interaction between Trump and big pharma is another key thing to watch in the weeks ahead. What we do know is that the US president is determined to return pharma investment to the US and get better prices for American consumers. For Ireland, the initial impact may be slow enough to emerge. But this is likely to mean somewhat lower investment by pharma here in the years ahead and a sector which may be more focused on EU and other markets rather than exporting back to the US. Changes in the pricing and accounting practices of the multinationals – now designed to report massive profits in low-tax Ireland – are also likely to cut corporate tax revenue here. Like the rest of the economy, the Irish pharma sector will adjust. But there will be a cost, the scale of which depends on the extent of US policy action. The longer-term strategic questions will take time to clarify themselves. A major issue is whether Trump's policy direction will stick. If you are, say, a big pharma company, do you base your investments on an expectation that this is now the new world, or that Trump's policies will, in time, be rolled back either by him or by his successor? US court challenges to his powers to impose wide-scale tariffs are only now playing out. US consumer prices are surely set to rise – the only question is how much and whether there will be a cost in jobs. And the financial market calm could be upset at any time, given the crazy and risky course on which Trump has embarked. On Friday, they were already looking jumpy. So the uncertainty will roll on. Ireland should get through the first wave of this, albeit with some collateral damage. But the big question is our place in a world which seems to be breaking up into new trading blocs and alliances. And whether the valuable certainty which a final, agreed trade deal might bring can last - Ireland and Europe now needs Trump to direct his attention elsewhere.