Workers
began preparations to tear down Walford, on Shrewsbury Road, Dublin 4, which is
owned by a trust linked to businessman Dermot Desmond. Demolition work has
begun on the country's most expensive house.
The
house remains the most expensive ever purchased in the State after it was
bought for €58m in 2005 by a mystery buyer.
The
property was later transferred to a Cypriot company, Yesreb Holdings.
In
December 2016, Mr Desmond's Celtic Trustee Ltd paid €14.25m for the Ballsbridge
property - a fraction of its sale price during the Celtic Tiger era.
Since
it was acquired, three planning applications to have the property demolished
have been rejected.
However,
the trust secured permission last year to develop a property almost three times
larger than the existing 5,963sq ft house.
The
original house was built in 1902, but had fallen into a state of disrepair.
In
their approval of the plan, Dublin City Council said the building did not have
significant features that should be retained.
Mr
Desmond, the largest shareholder of Celtic Football Club in Glasgow, has
recruited former Chelsea Flower Show gold medal winner Marcus Barnett to
oversee the creation of a private garden.
Other
features listed in the application include a subterranean swimming pool and a
gym.
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