K Club residents owe €300,000 in maintenance fees
Published 07/07/2011 | 05:00
THE prestigious K Club resort is owed €300,000 in unpaid service charges from its residents, a court heard yesterday.
Pop stars and property developers are among the myriad millionaires who own homes on the club's grounds.
But it seems the recession is taking its toll on the 2006 Ryder Cup venue, with property owners falling behind on their payments for general maintenance of the club in Straffan, Co Kildare.
The total service charge arrears figure emerged yesterday during a case taken by the club against accountant Finbarr Buckley and Paul Crowe, a former director of golf at the club.
They have been ordered to pay the resort €17,730 in service charge arrears.
Mr Crowe, of Oyster Point, Temple Road, Blackrock, Co Dublin, and Mr Buckley, of Lapps Quay, Co Cork, bought an apartment at the K Club for €850,000 in 2004.
The Circuit Civil Court heard that the two accountants failed to pay any service charges from 2006 until 2009.
During the hearing, Mr Crowe alleged that the standards of the club had slipped and that management companies Bessilton Holdings and Karsavina Management had allowed the five-star resort to become "somewhat run down".
The pair further alleged shortcomings in repair, maintenance and decor of common areas, as well as failure to maintain lawns, gardens and landscaped areas.
The K Club did not return requests for comment by the Irish Independent yesterday.
Owned by tycoon Michael Smurfit, it was once considered one of the most exclusive properties in the country.
However, many of the loans taken out to purchase apartments and houses at the resort were transferred to NAMA following the economic crash.
The loans taken out by Mr Buckley and Mr Crowe for the property are not in NAMA.