Aghadoe House and Grounds, Aghadoe, Fossa, Killarney, Co. Kerry, V93DK00

THE PROPERTY The property comprises a once in a lifetime redevelopment opportunity to purchase Aghadoe House and various outbuildings (36 bedrooms) suitable for refurbishment / redevelopment together with significant lands on a total site area of approximately 24.31 Hectares (60.06 acres). The property is accessed via a sweeping drive off the R563 (Dingle Road) and benefits from spectacular views over Killarney Town, Lakes of Killarney and the Macgillycuddy's Reeks and comprises a range of buildings including Aghadoe House, The Lodge (residential building) and Gate lodge dating from 1828 which were designed by the Pian Brothers - English architects based in Limerick and Cork. The property has the benefit of two vehicular and pedestrian access points along the southern boundary. Aghadoe House is an attractive striking period building which was built in 1828, refurbished in the 1860's partially destroyed by fire in 1922 but re-built c.1925 and was purchased by An é"ige (Irish youth hostel Association) in 1957 and has operated as a youth hostel in recent times. The original property includes at ground floor level, fine well-proportioned rooms overlooking the grounds with the main reception rooms retaining their original features of comfort and grandeur including period windows, fireplaces and a substantial ornamental timber staircase. AGHADOE HOUSE Comprises a part two and three storey property recently in use as a hostel (25 Bedrooms) and ancillary accommodation including kitchens, dining areas, recreational rooms, reception rooms and toilet facilities together with ample on-site parking. THE LODGE 'The Lodge' is located at the rear of the original house and comprises a single storey residential building with 11 bedrooms. GATE LODGE The gate lodge is located at the entrance to the property off the R563 (Dingle Road) and is of similar design to Aghadoe House and comprises a single storey building with two rooms. THE GROUNDS Aghadoe House comprises a total site area of approximately 24.31 hectares (60.06 acres) with lawns to the south and west of the main house. The remainder of the grounds / lands comprises of mature woodlands / forestry and walkways surrounding an undeveloped central meadow / agricultural land of approximately 3.5 hectares (8.6 acres). There are several walkways on the perimeter of the property. INVESTMENT PROPERTY At the rear of Aghadoe House and to the north of the holding along the main road (R563 - Dingle Road) a portion of the overall site (comprising approximately 4.79 hectares (11.83 acres) including the original Coach House buildings) is held subject to an Agreement for Lease (AFL) to a third party. An annual sum of €50,000.00 is payable under the terms of the AFL since 1 January 2020. Pursuant to the terms of the AFL, planning permission PP19/565 has been obtained for the relevant plot. The proposed development comprises a distillery enterprise with ancillary tourist related uses including retail, restaurant, and bar facilities. In the usual way, the AFL attaches an agreed form of lease, to be held in escrow pending satisfaction of the terms of the AFL. The lease on delivery will be for a term of 50 years from 1/1/2020 with 5 yearly rent reviews in line with Consumer Price Index ("CPI"). The initial rent receivable is set at €50,000 per annum. Further details are available on request.