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Independent.ie

Wednesday 18 October 2017

Landmark hotel on 186ac to make €3m

Jim O'Brien

Jim O'Brien

The landmark Co Wicklow hostelry, Tinakilly Country House Hotel, is for sale by private treaty.

The world famous 51-bedroom hotel comes with approximately 186ac and is being sold with a guide price of €3m by auctioneers CBRE on the instructions of joint Receivers Luke Charleton and Niall Coveney of Ernst & Young.

Tinakilly and its lands are situated on the outskirts of the village of Rathnew, close to Wicklow Town, 46 km from Dublin.

ESTABLISHED

The hotel is a long established business and is popular for functions, leisure and corporate business.

The property was originally the residence of Captain Robert Halpin who was the Commander of The Great Eastern when it laid the transoceanic telegraph cable between Ireland and Canada in 1866.

Halpin is reputed to have been given an open cheque by the British Government to build Tinakilly House in gratitude for his contribution to improving world communication.

The feature period building was sympathetically developed and extended over the years and now incorporates 51 ensuite bedrooms, a function room for approximately 100 guests, a restaurant and four meeting rooms together with landscaped terrace gardens with panoramic views. The hotel occupies an area of approximately 14.5ac and the grounds include a four-bedroom residence currently used for hotel staff accommodation.

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The property is approached by a tree-lined avenue and has coastal frontage to the eastern boundary.

BUNGALOW

According to Wesley Rothwell of CBRE the lands beyond the immediate environs of the hotel extend to approximately 171.5ac and include a three-bedroom bungalow.

Under the development plan prepared by Wicklow Co Council, the lands have attached to them a variety of zonings including hotel and leisure, open space and conservation area, with approximately 58ac zoned residential.

Mr Rothwell explains that in the interests of making the property attractive to a wide range of potential buyers it will be available for sale in the lots with a guide price for the entire of €3m plus.

The proposed lots are as follows: lot one will include the hotel on 186ac, while lot two will be comprised of the hotel on approximately 14.5ac, with lot three made up of the remaining lands extending to 171.5ac.

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