5, 5A, 7, 10 & 10A Walled Garden Apartments, Castle Dargan, Ballygawley, Sligo, F91P766AMV: €160,000 C1

1 Bed Apartment 65.1 m² / 701 ft² For Sale By Auction

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Description

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.

Location
The properties are ideally located only 10 minutes from Sligo town within the Castle Dargan Golf Hotel development. Located in the small village of Ballygawley, Castle Dargan Estate is set snugly on 170 acres of mature woodlands with unrivalled scenery.

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

5A Entrance Hall, Kitchen/Dining/Living Room,
1 Bedroom & Shower Room. 65.1 sqm C1

7 Entrance Hall, Kitchen/Dining/Living Room,
2 Bedrooms & Shower Room. 82.5 sqm C1

10 Entrance Hall, Kitchen/Dining/Living Room,
1 Bedroom & Shower Room. 65.2 sqm C3

10A Entrance Hall, Kitchen/Dining/Living Room,
1 Bedroom & Shower Room. 65.2 sqm C1

Outside:
Common area parking in the hotel car park.

BER Details

BER: C1 BER No.108680315 Energy Performance Indicator:174.3 kWh/m²/yr

Directions

From Sligo Town travel to Ballygawley. When you reach the Top Oil petrol Station turn left signposted for Castle Dargan. A quarter of a mile down this road turn left into Castle Dargan Hotel & Golf Course. Eircode for Castle Dargan Hotel F91 F2DN.