We need your help now
Support from readers like you keeps The Journal open.
You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.
If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.
Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy.
http://www.youtube.com/watch?v=e9jwzK8gvgQ
(YouTube credit: NorthsProperty)
A US BANKRUPTCY judge has been asked to clear the way for an auction to be held for this palatial Malahide mansion – the home of former Anglo Irish Bank chief executive David Drumm and his wife Lorraine.
RTÉ News reports that the home – in the upmarket Abington estate – is the subject of a bidding war between two couples. Originally put on the market for €1.65 million earlier this year, a sale was agree for the house in late August – though RTÉ says a higher bid has now been made.
The outcome of the dispute will be of keen interest to many – not least Drumm’s former employer, the now-renamed Irish Bank Resolution Corporation, which as Drumm’s largest creditor would be entitled to a significant chunk of the sale proceeds.
Drumm’s wife Lorraine, however, would get 50 per cent of the proceeds as she is listed as the property’s joint owner, and is not affected by the bankruptcy claim.
Here’s the marketing blurb from auctioneers Norths Property (via Daft.ie):
No. 20, Abington is a double fronted, Regency-style home extending to approximately 480 sq.m.(5,167 sq.ft.). Accommodation briefly comprises of a beautiful entrance hall with feature timber staircase; three spacious reception rooms; large kitchen with sun-filled dining room off; six bedrooms including luxurious master suite with dressing room; five bathrooms.Abington is an exclusive development of detached, luxury, executive-style homes just off the Swords Road and within easy walking distance of Malahide village centre. Malahide has long been one of the most desirable coastal locations in Dublin.
Dublin airport, the city centre and the motorway network are easily accessed from Abington. Malahide includes an array of shops, restaurants and pubs together with schools, churches and, of course, Malahide Castle, the marina and miles of beaches.
Anyone interested in outbidding the rival couples hoping to buy the property can contact Norths Property.
RTÉ says the bankruptcy trustee overseeing Drumm’s bankruptcy proceedings wants to hold a telephone auction involving the two current bidders, with a decision to be made on her application in the coming days.
To embed this post, copy the code below on your site
Some very questionable decor in all the pictures.
Perhaps its because it’s empty, but what a tasteless building. I’d expected something more glamorous I guess.
Vulgar.
It should be preserved as a monument to white collar grime.
I use Vanish spray on white collar grime :-)
The wife shouldn’t get any money either they already have enough just another example of how ireland is still just giving away money to the people who got us into this mess
Where’s the trap door with all the money under it?
Splash of IKEA.. be grand!
For a house that size the back garden is tiny
Awful video: music should have been Chopins Funeral March.
That green wood paneled room is disgusting!
Will have to say no to it, the flooring is not for me ;)
At least poor David will get half the amount ,
Nice pad, crap person.
Yep, ready for a Garda search now!
Living room is a bit pokey
The description says it has a sun-filled dining room. Are you sure this house is located in Ireland?
Crass, cold, tacky, pretentious kip. If I won the lotto I’d get something half the size and ten times better decorated.
is this like adverts . ie if so €100 offered ;)
Very tacky , not at all homey or cosy , cold ,like the man.
The expression ”fur coat and no knickers’ comes to mind ! When is the government going to revoke his passport and make him return and face charges for high treason !
Sure isn’t better to owe the banks millions than a few pennies. These guys have the law slanted in their favour. His wife’s half should be frozen. Where is C.A.B’s action on this.
Hope his Prison Cell looks as Good as the Gaff, he will have plenty of Time to Decorate if he is ever Captured
I wonder will the little toerag ever spend a day in prison.
Two sinks in the bathroom? I guess he had a lot to wash his hands of when the evening came. I am surprised there is no decaying portrait in the attic?
Terrible decor! I’d rather a smaller house that feels like a home, that kitchen is awful as is the hall!
That is not what I would call a mansion!
It looks like the floor is climbing the walls, you don’t do the floor and part of the walls in identical material.
It becomes overpowering, although that would be reminiscent of what he did to the country!!
But my experience of money is that it’s ability to buy taste is both negligable and accidental.
have your say