Criminal’s pad a ‘steal’ at 275,000

A CRIMINAL’S house auctioned by the Criminal Assets Bureau this week fetched almost 100,000 euro more than the guide price, it emerged yesterday.

It is the third pad seized by CAB from top criminals and put up for auction in the last two weeks. The house in Drimnagh, Dublin 12, was put on the market for 180,000 euro, and was seen as an attractive price. And so it proved last Wednesday when over 50 people crammed into the small auction room of Lowe & Associates in Rathmines.

Some 12 bidders competed for the property, a semi-detached three-bedroom house, with gas fire central heating, double glazed windows and an estimated three miles from St Stephen’s Green. The house, No 33 Knocknaree Avenue, eventually went under the hammer for 275,000 euro.

A CAB source said they were “pleased and satisfied” with the price. The house formerly belonged to a well-known criminal, who cannot be named because of cases before the courts.

The sale follows other success for CAB this month. On September 5, CAB put two properties up for auction, which belonged to one of the world’s biggest cocaine dealers, Mickey Greene. Greene’s penthouse apartment in Dublin went under the hammer for 555,000 euro, some 5,000 euro over the guide price.

The pad, some 1,100 sq ft, contains two bedrooms, both en suite, a large living room and balcony, a sophisticated sound system and two underground car park spaces. The apartment is located in the exclusive Custom House Harbour, near the International Financial Services Centre. Two professional cleaners had been sent to the property to clean the blackened cream carpet, soiled by wild parties, but with little success.

Greene’s country mansion, guided at 900,000 euro, was withdrawn from auction by CAB, even though it attracted the guide price.

CAB bosses Chief Supt Felix McKenna and Legal Officer Barry Galvin said they were dissatisfied with the sum and believed it could get more.

They were proved right. Lowe auctioneers have been in negotiations with interested buyers and now expect to wrap the sale up in the next two weeks.

The mansion in Kilcock, Co Kildare, is now expected to reach in or around the 1 million mark.

The house, Maple Falls, measures 5,500 sq ft; is set on four acres and boasts five bedrooms, three reception rooms, sauna room, snooker room and a heated indoor swimming pool, with an all-weather tennis court outside.

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