Tony Ryan’s village back on market for €6m

The sprawling rural escape described as a labour of love for Ryanair founder Tony Ryan is back on the market for an initial asking price of €6m.

Tony Ryan’s village back on market for €6m

The beautifully restored Village at Lyons complex, which adjoins the Ryan family’s 600-acre Lyons Estate in Celbridge, Co Kildare, is back on the market having previously been offered for sale less than a year ago.

Despite interest in the stunning development at the time, the decision was taken by the Ryan family to remove the village, which runs parallel to the Grand Canal, from the market.

The complex is made up of a range of two-storey buildings — some dating back to the 18th century — and includes a cafe, cookery school, and restaurant with accompanying catering facilities.

Four apartments as well as nine houses — some stretching to hundreds of thousands of square feet — and shops are also on the grounds of the village.

Mr Ryan, who died in 2007, is believed to have spent many times the asking price of the complex in its restoration over a period of years.

One source suggested that as much as €30m may have been invested in what was a labour of love for the Ryanair founder.

The village, being sold by Colliers International, currently operates as a popular wedding venue with in excess of 30 staff, most of which work on a casual basis.

The village general manager, Philip Rock, is confident it will be sold as a going concern and that those employed there will not have to worry for the future of their jobs, given the type of buyers likely to be interested.

The majority of interest to date, including for the period of time it was on the market last year, has been from hotel investors who would likely seek to continue the village’s current operations, Mr Rock added.

Marcus Magnier, of Colliers International, said there is significant development potential in the complex, which has planning permission for a further 20 houses.

“The response has been very good to date, I could see someone expanding the village by adding a very large function facility,” he said.

Interested parties are likely largely to be boutique hotel operators and wealthy individuals.

The level of detail involved in the craftsmanship employed to redevelop the site, which was overseen by Mr Ryan, is second to none, Mr Magnier added.

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