Thursday 19 April 2018

Investors teed up as Moyvalley is on the market

Moyvalley Hotel and golf course in Enfield
Moyvalley Hotel and golf course in Enfield

CBRE Hotels is selling Moyvalley Hotel and golf course in Enfield, Co Kildare by Private Treaty. Moyvalley Hotel sits on 460 acres next to the M4 motorway and close to Enfield.

The hotel and golf estate was developed from new in 2006 and comprises a modern hotel building with excellent conference and function facilities and 54 stylish and fully air-conditioned bedrooms, bar and restaurant.

Also included is Balyna House – a 19th Century Italianate manor house and an adjoining abbey – both of which were painstakingly restored and now includes 47 separate 2 and 3-bedroom holiday cottages and apartments; a superb links- like golf course – designed by former Open Champion Darren Clarke – and a palatial three-storey self- contained golf clubhouse with function/meeting rooms, pro shop, bar, restaurant and changing rooms.

The property – which is in excellent condition throughout – sits on an elevated site extending to about 460 acres.

There has been strong interest in the Irish golf resort market in recent times, with several well-known properties sold over the last three months including Fota Island, Kilkea Castle, Glenlo Abbey, Palmerstown House and New Forest Estate & Golf Course, which completed just this week.

Moyvalley is being offered in one or more lots as follows:

Lot 1: the entire on approximately 186ha.

Lot 2: the hotel, Balyna House, 47 lodges/cottages - on c. 39ha.

Lot 3: the Darren Clarke designed Golf Course & Clubhouse on c. 121 ha.

Lot 4: Agricultural lands of approximately 26ha.

Dermot Curtin of selling agents CBRE Hotels commented: "This sale of the entire Moyvalley Estate represents a great opportunity to acquire a well-established, high-quality hotel and golf resort – only 40 minutes from Dublin City and Airport – and one which has enormous further potential.

"While Moyvalley Hotel & Golf Course is currently in receivership, the property continues to trade. The total development costs of the property to date are well in excess of today's guide price of €4m to €5m."

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