Sales of golf course homes to go with swing

SMILES are par for the course for the young team at Ramada Blarney Golf Resort, who are counting down to the Christmas opening of their new integrated golf, leisure and hotel complex at Cloughphilip, Blarney.

As part of the overall development, this week sees the launch of 56 tax-incentive properties at the 164-acre complex just outside Tower in Co Cork.

Developed by Kelcar Ltd, fronted by engineers, John Kelly and Frank McCarthy, the 56 luxury two-beds on offer come with section 50 tax relief as part of a leaseback arrangement with Ramada Ireland.

The hotel franchise is headed up by Michael and Hazel Knox-Johnson, with Tony Coveney appointed as manager for the four-star, 80-bed and suite hotel.

The sales end of the venture is being handled by Gillian Ryan and Dan Healy of Property Partners Burke Wall, who are asking €420,000 plus VAT for these two-bed units, which also come to Bord Fáilte, four-star standard and include complete fit-out. Arranged in two blocks, the slate-hung, stone-fronted houses have a high quality finish and range in size from 1,100 to 1,340 square feet.

The cottages are arranged in two blocks and will function as hotel rooms when leased to Ramada, with free golf membership included for purchasers.

The championship course and golf club end of the business is run by PGA professional, David O’Sullivan, along with Tony Coveney from Dublin’s Four Seasons, who will head up the hotel management team. The course will be playable by June 2006 and a limited number of memberships are still available.

Each cottage qualifies for 99% of capital allowances against Irish rental income after the property is let to the operating company, which in this case is Ramada Ireland.

As well as the normal hotel and leisure offerings, the Blarney resort will also be business-friendly, says Tony Coveney, with fixed-price meeting room rates on offer, as well as large-scale banqueting facilities.

A survey by Dúchas on the scheme prior to development will see the preservation of an existing woodland of 25 acres along the banks of the Shournagh river, including a wetland area and at least five archaeological sites have been identified.

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