Grandeur on eight acres of grounds at a keen price

RECEIVERSHIP is the dreary topic of this coming Winter of Discontent and Discounts.

And, now a forced sale process is behind the marketing sale of a period Kenmare home and land parcel, at what seems like a knock-down price for a period do-er upper.

Parkgarriff, on around eight acres of ground just over a mile from the leading Kerry tourism town, is being offered for sale by tender, with a market-friendly AMV of €400,000 — that’s about the price level of a local bungalow or four-bed townhouse.

The receivers are Kieran Wallace and Barry Donohue of KPMG, with Philip O’Leary of Fitzgerald Solicitors, and Parkgarriff is to be disposed of by tender by November 19.

“The attractive guide price of €400,000 should generate substantial interest,” say auctioneers Cohalan Downing, adding “it is ideally suited to a DIY expert or small builder, as a family home or as the ultimate holiday home.”

A niche period property with huge further potential and Kenamre Bay and Caha Mountain views, Parkgarriff House is within a 2kms walk of bustling Kenmare on the Sneem road. Set well back from the public road, towards the back of its eight-acre plot, with boundaries very mature, it is completely private, reached at the end of a long, laurel-lined avenue with stone entrance pillars and old iron gates.

Early Victorian in style, it has a strong hunting lodge feel to it, with lots of original features plus a distinctive small veranda propped up by slender old wooden columns.

Parkgarriff, overall, is a highly attractive limestone-built detached home, with four bedrooms, and with a rougher stone-built long, lofted coach-house to its rear.

While it could have tourism accommodation potential, it is most likely going to be bought for private use, expect Malcolm Tyrrell and Brian Olden of Cohalan Downing.

As it stands, it is an unfinished project by its undisclosed owner. A recent visit showed some considerable work done over periods to the house, which has lain empty for several years.

It has an unfinished small rear extension, the main windows have been replaced with timber sash frames, and several of the bedrooms have en suite bathrooms close to completion.

It has evidence of water and damp penetration, but also much remediation work has been done and the slate roof needs attention.

Parkgarriff needs lots more spending, but if bought in or around its €400k guide it will be the shrewdest move in or near this top town for a recovered market.