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Tag Archives: Sherry FitzGerald McMahon

McMahon name synonymous with Ennis Chamber

THE newly-elected president of Ennis Chamber is carrying on a family tradition, having taken on the role previously held by his father more than 40 years ago. At its recent AGM, Ennis Chamber elected Diarmuid McMahon, managing director, Sherry FitzGerald McMahon, as president and Gwen Culligan, co-owner of County Boutique, as vice-president. They will both serve a one-year term in their respective role. Diarmuid will be no stranger to the position, following in the footsteps of his father, Dermot, who served as president of the Chamber for three years, from 1975. The newly-elected president succeeds William Cahir, of Cahir & Co Solicitors, who he congratulated for energising the Chamber during his term. This, in turn, he said, has instilled a positive perception of the work and role of Ennis Chamber among businesses in the town. A qualified chartered accountant, Diarmuid is the fourth generation of McMahons to manage his family business, which has been trading in Ennis since 1900. The …

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Planning sought for Ennis houses

JUST a few years ago, ghost estates were one of the oft discussed items in current affairs but the tide has turned, with high rents and lack of houses now a more prominent feature. With this changed environment, a planning application has been lodged for a 42-unit housing development in Roslevan, Ennis. If it is to go ahead, it would be one of the only such developments be built in the area for some years. Michael and JJ Fahy have made the application for the development. It consists of eight three-bedroom ground floor apartments, eight four-bedroom duplex apartments, and 26 three-bedroom houses. The site in question is 1.78 hectares in size and the gross floor space of the works will be 4981.64m². Some 107 car parking spaces will also be provided. Planning permission was previously granted for a development at the site but that was a number of years ago and this is a new application. Diarmuid McMahon of auctioneering …

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Flagship store comes to market

A LANDMARK building in the heart of Ennis has come onto the market, with a price tag of €2.25 million. The flagship store in the Carraig Donn Group on O’Connell Square has been put up for sale as a retail investment, with the existing occupier’s lease running until 2026. The tenant is not affected by the sale. Paddy Darmody of selling agents, Sherry FitzGerald McMahon, Ennis, is expecting a lot of interest in the property. “It’s a landmark building, with a tenant who has 38 other shops in the country, with plans to open three more this year and a strong online presence. With a current annual rental income of €155,000, the sale of this property offers the superb opportunity of acquiring a prime, easily managed retail investment, at a time when returns from cash and other investment vehicles are at an all-time low,” he said. Mr Darmody pointed out that the building is situated in a prime location in …

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A record price for Doora property

A record price of €390,000 was achieved for a house and 13.6 acres at a public auction in Ennis this week. The house, located between the church and school in Deerpark, Doora, was the home of the late Fr Paddy Lynch. The house is set back some 350 metres from the road and is approached by a tree-lined avenue. Dating to the 1700s, it is a small period house and is need of refurbishment. Nevertheless, more than 35 parties viewed the house over the past five weeks and in excess of 60 people packed the Lemenagh Room in the Old Ground Hotel for the auction on Thursday afternoon. “Bidding opened at €200,000 and briskly reached €370,000 in €10,000 increments. Five further bids brought down the hammer at €390,000,” auctioneer, Paddy Darmody of Sherry FitzGerald MccMahon reported. “I have been with Sherry FitzGerald McMahon for more than 35 years and this house is unique in that it is a small country …

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House prices up, supply down

House prices in Ennis have begun to rise again after losing more than half their value over the past seven years and may be up by 20% this year. But the number of properties for sale are falling, as the supply of houses coming to the market contracts. “We’ve seen a significant change since the beginning of August. There was a change from March or April on but from August on – particularly in Ennis – quite a lot of housing supply was snapped up and the available stock has contracted significantly. Houses are selling but the supply is just not being replaced,” said Diarmuid McMahon of Sherry FitzGerald McMahon. “There are more people buying than selling and there’s no new supply. There has been nothing built in five or six years, and that’s starting to bite,” he said. Much of the impetus for rising prices comes from the rise in confidence in the economy this year; and also from …

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