McFeely's Ailesbury Road home is seized

August 10, 2012 The MyHome Newsdesk by The MyHome Newsdesk
McFeely's Ailesbury Road home is seized

The Ballsbridge home of bankrupt developer Tom McFeely has been seized and handed over to the National Asset Management Agency.

NAMA recently took over the €9.5 million debt on the property at 2 Ailesbury Road.

Mr McFeely’s wife and daughter left the house earlier in the day.

Last month the developer won a High Court appeal against a three month jail sentence for failing to rectify fire safety defects at the Priory Hall estate.

Advertisement

Ailesbury Road homes have sold for multi-million euro amounts over the years and has been nicknamed ‘Embassy Row’ because of the number of foreign ambassadors who have resided there over the years.

When the French Embassy was put on the market in 2008 it had a price tag of €60 million – making it the most expensive house ever to be put up for sale in Ireland.

Tags:
Uncategorized Ailesbury Road Ballsbridge bankrupt debt developer

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo