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AN BINSE LUACHÁLA John O'Sullivan APPELLANT RE: Derelict Sites at 225 and 225a, Merton Square,
Kilkee, Co. Clare B E F O R E JUDGMENT OF THE VALUATION TRIBUNAL By letter dated 13th January, 1993 Ignatius M. Houlihan & Sons, Solicitors, appealed on behalf of their client, Mr. John O'Sullivan, against the determination of Clare County Council in fixing a market value under Section 22 of the Derelict Sites Act, 1990 of £6,000 on Site 225 and £80,000 on Site 225(a). Written Submissions: In the written precis Clare County Council stated that Site 225 contained a ground floor area of 680 square feet. It was situated between the Hydro Hotel and another block of holiday flats at Merton Square, a popular area of Kilkee. Based on location and comparison with a site sold 6 months previously in an adjacent road, a valuation of £6,000 had been put on the site. In relation to Site 225a, Clare County Council stated that taking location and square footage into account, the property was a fine one which some expenditure and modernising would make into a very worthwhile investment. The subject was laid out in appartments and would be quite easily ready for use. Taking into account the sale price for holiday homes and the "Old Cinema" at the adjacent Merton Square, Clare County Council considered that a valuation of £80,000 was quite reasonable. Oral Hearing: From the outset it was agreed that Site No: 225 consisting of the site without any standing building was to be valued at £6,000. The parties then differed in the valuation of standing premises comprised in Site No: 225a. The appellants arguing for £44,000 valuation, and the respondents arguing for £80,000 valuation. The subject is, by agreement of the parties, situated in an excellent location surrounded by excellent property near to the sea front. There is a reasonable tourist trade potential especially for the summer trade and others have invested in this location with apparent success. The building is a modern one which is now almost derelict with dampness coming in from a flat cement roof and by reason of its cavity block structure, is probably obsolete. Mr. Fitzpatrick argued very strongly that the only option for the building is demolition and while Mr. Carrig argued that there could be restoration with potential to sell appartments to persons looking for holiday homes, the Tribunal is somewhat doubtful that the subject could ever be brought up to an acceptable standard by mere refurbishment. The Tribunal finds that the value of the site with the most ugly building standing on it is £50,000. |