AIB branch sale

FIVE Munster bank branches are being offered individually for sale, in counties Cork, Kerry and Limerick, with AIB likely to receive around €700,000 in total from the sales.

Last summer, AIB announced plans to close up to 90 branches, and sales are ongoing.

This Munster bundle, now being offered via Sam Daunt of Savills in Cork, sees a prominent stone bank branch in Schull in West Cork as the most valuable, guided at €200,000, while north Kerry’s Tarbert branch in a 1960s building is the cheapest, guided at €85,000.

Other bank branches in this bundle include two other Cork branches, Ballydehob and Buttevant, as well as Dromcollogher, Co Limerick, while a leasehold branch in Rathmore, Kerry, is also to be offered.

The Schull branch and two-bed apartment is one of the holiday centre’s most prominent and best-built properties, dating to the early 1930s and is a protected structure. The two-storey building and manager’s residence is on a site of 0.06 of an acre. It has most of its original features, with notable arched windows and may be suitable as a cafe, subject to planning, says the Savills agent, acting jointly with Maeve McCarthy of Charles P McCarthy in Skibbereen, also joint agent on the Ballydehob branch.

The latter is a detached, two storey premises facing Main Street, and this c 2,000 sq ft property may be converted back to private home use, and has rear access with car port. Price guide is €105,000.

Also likely to ge back to private domestic use is the 2,570 sq ft Buttevant branch, a protected structure dating to the late 1800s. The mix here on the Norman market town’s Main Street includes a banking hall, four-bed residence, large private garden, stables, and land backing on to the river Awbeg. Guide price is €185,000.

Meanwhile, just over the Limerick border, the Dromcollogher AIB branch has 2,400 sq ft in all, and is a stone-built listed terraced building. It has been part residential and has a garden to the back. Joint agent is Colm O’Donovan of West Property, and it has a guide of €105,000.

West Property is also acting jointly with Savills’ Sam Daunt on the €85,000 Tarbert branch, with gardens down to the river in the town best know for its Shannon ferry. The two-storey over half-basement 1960s property includes a three bed apartment, garden with a car port, etc.

Details: Savills, 021-4271371