For Sale by Online Auction (Unless Previously Sold) **** Thursday 2nd December 2021 at 2 pm ****

Excellent opportunity to purchase 5 apartments located within the Castle Dargan Golf Hotel & Wellness Resort development. Bright & spacious apartments with a good rental return. There are 4 one bedroom apartments & 1 two bedroom apartment for sale in one lot.

Description
The properties themselves are presented in excellent condition with modern & stylish decor. The apartments represents a good investment opportunity. They are maintained & managed by the hotel who rent it out to guests.

Castle Dargan Resort currently leases the apartments as overflow capacity from the hotel, however, this market has been significantly impaired due to Covid19. We are advised there is no written lease in place. The current agreement with the owners is that the resort covers all the management fee costs for the apartments (Electricity, Insurance, Gas, Maintenance, a total of approximately €3,000 per annum) & this is offset against any rental income meaning no net transfer of funds. A number of boilers have had to be replaced & these costs are being written off over 4 years.

We understand that during this lease period if an owner would like to stay at the property it needs to be booked through the hotel and it depends on availability.

The Management Company is currently inactive.

Apartment Number 5

Accommodation: Entrance Hall, Kitchen/Dining/Living Room, 1 Bedroom & Shower Room.
Size: 65.1 sqm
BER Rating: C1

Apartment 5A

Accommodation: Entrance Hall, Kitchen/Dining/Living Room, 1 Bedroom & Shower Room.
Size: 65.1 sqm
BER Rating: C1

Apartment 7

Accommodation: Entrance Hall, Kitchen/Dining/Living Room, 2 Bedrooms & Shower Room.
Size: 82.5 sqm
BER Rating: C1

Apartment 10

Accommodation: Entrance Hall, Kitchen/Dining/Living Room, 1 Bedroom & Shower Room.
Size: 65.2 sqm
BER Rating: C3

Apartment 10A

Accommodation: Entrance Hall, Kitchen/Dining/Living Room, 1 Bedroom & Shower Room.
Size: 65.2 sqm
BER Rating: C1

Accommodation