Friday, October 16, 2020

Leinster Mills

The Leinster Mills, a heritage property located on the outskirts of Naas, is one of the more unique properties being offered at BidX1’s online sale on 29 October, with a guide price of €1,500,000.

Dating to 1790, the traditional stone and timber buildings cover more than 30,000 square feet, including a fully modernised three-storey annex and a detached mews building, both recently refurbished to provide more than 7,000 sq ft of modern, high-spec office accommodation.

The location is certainly picturesque – a 2.4 acre site on the banks of the Grand Canal – but also well connected, with surrounding occupiers like Kerry Group, State Street and the HSE, and close to Millennium Park (recently announced as the location for Aldi’s new headquarters).

The original mill building is intrinsically linked to the canal. It was altered and extended but the ‘Detached L plan six-bay-four-storey former corn mill’ is, with its canal water supply, a very legible record of this industrial building in its canal context. There is a sluice controlled below ground water channel from the canal feeding the mill and runs off stream. This provided power to the original milling process which was subsequently provided by electricity. Power generation onsite could potentially be reinstated and would add significantly to the sustainability of a future development project.

Gillian Earley, who is handling the sale for BidX1, said that “this is a rare opportunity to acquire a unique, heritage property in a strategic location, with potential to develop an integrated commercial, residential and tourism complex”.

Anyone wishing to bid on a property will need to register on the platform before the auction, providing proof of identity and proof of address, as well as a deposit – the amount of which is based on the reserve price listed on the property. Registered parties can place bids of €1,000 or higher, either manually or by setting a maximum bid. The latter option allows the system to bid on their behalf, up to the amount specified.

The BidX1 platform sees all bids logged and displayed in real-time on the day of the sale, along with the final sale price. BidX1 data shows that over 40% of potential purchasers bid from their smartphone, many setting automatic bids.

By Conor Forrest
Contact Newsdesk: 045 432147

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