In May 2016, the former Vile Rocks pub and nightclub collapsed in what has become a national tragedy.
Since then, it has been on a steep decline.
The property company that bought the property, Intero Real Estate, has spent hundreds of thousands of pounds to keep it standing.
And it has had to spend tens of thousands more on maintenance and repairs.
The owners of the property have also had to put up with a steady stream of people asking to buy the property.
Now, they have been forced to sell it.
How has it happened?
Here’s what you need know about Vile ROCK property: What was Vile’s reputation as a bar?
Vile Rocks was known for its boozing, partying, and open bar culture.
It was known as the ‘Halloween of Irish pubs’, where revellers would gather in the wee hours of the morning and drink and party.
In the 1960s and 1970s, it was the setting for one of Ireland’s most notorious gangland murders, when a group of Dubliners were killed at Vilerock in the early hours of March 12, 1971.
Why is the property in decline?
In 2015, Interom Real Estate bought the former Pub Quay for €15.5 million.
The Irish Government had approved the purchase for €7.5m back in 2009.
The Government was looking for a property to replace the old ‘Hollands’, which were demolished in the 1960’s.
The previous owners of Viles property, The Vilerosons, sold it to Interom for €1.5 billion.
They had originally wanted to turn it into a hotel.
They were keen to use it as a nightclub but it never came to fruition.
The new owners wanted to redevelop it into apartments and apartments into hotel space.
They eventually got the go-ahead for the purchase and bought the old pub from the former owners.
What’s the current status of VILROCK?
Interom is the main tenant in the new VileRock property.
They are also responsible for the maintenance and upkeep of the pub.
They’re the only ones who can access the property and can operate it.
They also own the old VileRooms property, which was a popular watering hole for Dubliners.
Interom Realestate has now been handed the pub from which VileRocks patrons have come to drink.
The company is now looking to redevelop the property into apartments.
Is it a good investment?
Intero Realestate bought the pub for €12.4 million in 2009, but they had originally been looking for €30 million.
They sold the property to InteroReal for €8.2 million in 2013.
It is now estimated that they will need to spend €35 million to refurbish the property again.
Is the property worth it?
Interos management believes the investment is worth it.
The cost of the new apartments is expected to be €15 million, but it is believed that the redevelopment will be worth much more.
Interom believes the new apartment buildings will create thousands of jobs.
What does this mean for the Vilerocks community?
The VileROOM has been the scene of a number of deaths.
A woman who lived in the building died in 2011, after her home collapsed.
Another man died in 2010 after falling off a balcony.
A young man died after falling from a balcony in 2015.
The pub’s former owners have been charged with murder and are awaiting trial.
The pub was one of the last remaining bars in Dublin before the closure of Dublin’s bars in 2006.
What are the options for people to buy Vile ROOM?
Interow Real Estate has developed a range of options for potential buyers.
They have a number available, but are unable to offer an official recommendation as they are awaiting a ruling on whether the sale will go ahead.
In October 2016, Interoom Real Estate put out a press release stating that they had put out two proposals, one for the ‘new’ apartment buildings and another for the old taverns.
The former taverns will be redeveloped as apartments, while the old bars will be left standing.
What happens to Vile Rooms pub?
Interoom Real estate has put out plans to redevelop Vile, the old bar and nightclub, into apartments, offices and shops.
They will be built on the old space, which will be converted into apartments for the staff.
However, the bar will remain open and will continue to host weekly pub nights and dance nights.
What about VILROOM’s old building?VILROOS has a strong history of social causes and activism.
In 2012, the Irish People’s Union (IPU) held a walkout over the closure and subsequent closure of the old Liffey nightclub.
The walkout ended with the death of one of its members, John McKeown, who died