The owner of Boylesports, John Boyle, bought the betting shops headquarters at Finnabair Business Park for €1.8 million at last weeks Allsop auction in Dublin. The property had a reserve of €1.45 million.
Boylesports currently have a 15-year lease on the building until 2018 and it has an annual rent of €250,000 before rates and VAT.
The company is also said to be interested in buying a number of its betting shops across the country.
A spokesperson for Boylesport says that the purchase makes “financial sense” in the current economic climate.