HIGH COURT JUDGEMENT AGAINST GORT AUCTIONEER

Date Published: 22-Mar-2013

A Gort property developer has been ordered by the High Court to pay almost one million euro for failing to complete a contract to buy an historic house.

Judgement of 969 thousand euro was entered in the High Court against property developer and auctioneer Ian Cahill.

It was over his failure to finish the purchase of 22 bedroom mansion, Loftus Hall, Hook Head in Wexford nearly five years ago.

According to today's Irish Independent, Ian Cahill agreed to pay 1.7 million euro in October 2008 for the property.

The house was eventually sold in 2011 for around 600 thousand euro and the owner was at the loss of the price agreed in 2008.