Dáil Éireann Debate, Tuesday - 13 December 2005
120 Mr. Broughan asked the Minister for Finance the amount received for the recent sale of the State owned site at the former Veterinary College in Ballsbridge; the amount paid in respect of fees or other expenses arising from the sale; the way in which it is intended to apply the money from the sale; and if he will make a statement on the matter. [38986/05]
View answerThe property described was sold by tender for €171,500,000 on 30 November 2005. The agent's fees were a fixed price of €19,000 plus VAT. Marketing costs are based on vouched receipts and are not yet to hand. Site preparation works, including the removal of asbestos materials, are estimated to be in the region of €500,000. The sale is scheduled to close in February 2006 and the proceeds will be treated as extra Exchequer receipts to be offset against funding provided for decentralisation.
