Dublin’s property market has been experiencing steady growth in recent years, with prices for homes and commercial spaces increasing significantly. However, one property owner, Sherry FitzGerald, claims that the market is undervaluing one particular gem – the Market Bar. Located in the vibrant neighborhood of Temple Bar, the Market Bar is a renowned destination for locals and tourists alike. We take a look at why Sherry FitzGerald believes the Market Bar is undervalued, despite its prime location and impressive reputation.
A legal dispute has arisen between the owner of Dublin’s Market Bar and an adjacent property and auctioneer, Sherry FitzGerald, with the Market Bar owner claiming that the latter undervalued his property to meet loan-to-value (LTV) requirements of the lender. The business owner alleges that he lost approximately €841,000 after being forced to sell some of his investments to meet LTV conditions following the valuation conducted by Sherry FitzGerald. However, the auctioneer is denying the allegations and contesting the claim that the property was worth more than its calculated value. A judge rejected an application to dismiss the case over delay and absence of concrete prejudice. The LTV valuation of the properties in question included the Market Bar in Fade Street and adjacent retail unit with office/workshop premises, an apartment in George’s Quay, Dublin, and property in Cheltenham, England.
In conclusion, the owner of Market Bar in Dublin, Sherry FitzGerald, has claimed that the Dublin property market is undervalued. With her experience in the industry, her statements hold a lot of weight. It will be interesting to see how the market evolves in the coming years and whether her predictions hold true. Regardless, it’s clear that Dublin is a city with a lot of potential – both for homeowners and investors alike. As always, it’s important to do your due diligence and seek professional advice to ensure you’re making informed decisions.
