FOR SALE BY PRIVATE TREATY
On The Instructions Of Cork City Council
WITH BEST & FINAL OFFERS IN WRITING BY 15th JUNE 2018
Glasheen House, 1 Dorganâ€™s Road, Glasheen, Cork, T12 F6Y9
> An opportunity to acquire a small development site in an established residential area
of Cork City Centre.
> The site (180sqm approximately) is fully enclosed and is currently occupied by a derelict house.
> Property is being sold under the Derelict Sites Act.
> Sale strictly subject to the terms listed overleaf.
BEST & FINAL BIDS DATE
ALL OFFERS TO BE MADE IN WRITING AND RECEIVED BY 12 NOON ON THE 15th JUNE 2018
By either post or email. Bids should be clearly marked â€˜â€™Glasheen Houseâ€
Ms. Suzanne Tyrrell
Mr. Maurice Cohalan
CONDITIONS OF SALE/BEST & FINAL BIDS
1.All bids (ex VAT) to be made in writing on or before the closing date and time.
No late bids will be accepted.
2.VAT at the rate of 13.5% will be payable on the agreed purchase price.
3.Full details of bidders and the solicitors acting on their behalf will need to be furnished
when placing a bid.
4.Proof of funds to be provided on behalf of the bidder and confirmed by way of a solicitors
5.A condition of the contract will be to place a burden on the purchaser to complete the
redevelopment and/or refurbishment of the property, subject to the planning, if necessary,
within a maximum of 2 years from the date of closing. Failure to do so will result in the Council
placing the property on the Derelict Site Register which will incur an annual 3% levy on
the market value of the property.
6.The purchaser shall not be entitled to assign or alienate his interest in the contract or sub-sell the
subject property or any parts thereof without the prior written consent of the vendor, ie Cork
City council, whose consent shall only be forthcoming provided the Council becomes the
beneficiary of 80% of the uplift in the value of the ...