Dublin,
27
May
2015
|
09:49
Europe/Dublin

Derrynane Hotel on The Ring Of Kerry For Sale

27 May 2015 – Joint agents CBRE and Tom Spillane & Co. have confirmed their instruction to offer the exceptionally located Derrynane Hotel and eight luxurious holiday homes, Caherdaniel, Co. Kerry for sale by private treaty. The property is being sold on the instructions of Gearoid Costelloe, Grant Thornton, Receiver.

The Derrynane Hotel (together with eight holiday homes) are situated on the beautiful and much famed “Ring of Kerry” on the Iveragh Peninsula just outside the pretty village of Caherdaniel in South Kerry. The property enjoys one of the most spectacular coastal locations in the country overlooking Kenmare Bay and the vast Atlantic Ocean. Nearby is the small and pretty village of Caherdaniel which leads down to the white sandy beaches of Derrynane. Also close by is a National Heritage Area with over 300 acres of forest encompassing Derrynane House, the ancestral home of Daniel O’Connell “The Liberator.” The Ring of Kerry, which also incorporates part of the Wild Atlantic Way, is one of Ireland’s most popular tourist routes which links Killarney, Sneem, Caherdaniel and Kenmare and provides an amazing insight into the heritage of Ireland and the unspoilt beauty of the Iveragh Peninsula.

The Derrynane Hotel comprises a 68 bedroom three storey hotel on a site of 4.6 ha (11.4 acres) with spectacular views of the coast and Kenmare Bay. Other facilities within the hotel include a gym, sauna, seaweed bath and steam room while outside there is a swimming pool and tennis court.

In addition, there are eight three bedroom holiday homes which are presented in excellent condition. The accommodation in each home comprises ground floor open plan living room / diningroom and kitchen, two double bedrooms and a bathroom while on the first floor there is a master ensuite bedroom and a store room with planning permission for conversion to an ensuite bedroom. Each home has a private patio area.

John Ryan of CBRE and joint agent Tom Spillane of Tom Spillane & Co., Killarney, highlight that the sale of The Derrynane Hotel offers a unique opportunity to acquire a substantial hotel property located on the lucrative Ring of Kerry. While the property is currently not trading the opportunity now arises to re-establish a substantial food, beverage and accommodation business and take advantage of the hotels unique location. In addition, the eight holiday homes are in excellent condition and offer immediate high end rental possibilities.

Offers in excess of €1.5m are being sought for the property.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.