CITY CENTRE PUB FETCHES RECORD PRICE AT AUCTION

Date Published: 05-Oct-2007

A Galway city centre pub has fetched a record price of 8.1 million euro. Cullinanes on the corner of Eglinton Street was bought by an unknown buyer at a packed auction room. The property includes Cullinanes Pub, Eglinton bookmakers and 8 large townhouses overhead.It's been in the Cullinane family since 1933 and was rebuilt 11 years ago.Bidding began at 6.5 million euro and was about to be withdrawn from the market by joint agents Galway Real Estate and O'Donnellan and Joyce, when a last minute bidder entered the fray, offering a final bid of 8.1 million euro.