The Connacht Property Auction in partnership with Gerry Rowland Auctioneer.
Offered at bids over €495,000
We are proud to offer for sale, this once in a life time opportunity to purchase this Landmark Property known as Banada Abbey. Located at Tourlestrane, County Sligo, Ireland. (Eircode F91E300)
This Historic property comprises of a Convent Building, a Chapel, School and a number of outbuilding and sheds, most of which needs refurbishing.
Banada Abbey and Convent comes on the market with Ca; 53 acres, of which approx. 36 acres is planted since 1992 with a combination of Spruce and Pine (24 acres) and Ash (12 acres). This forestry is due to be harvested in the next 2-3 years, which will provide a tax free return for any potential investor. The grounds now being sold still retain about one km of river frontage. There is a beautifully cleared walk-way along the banks of the River Moy. The River winds its way along the eastern and southern boundaries of the property as it slowly makes it way to the sea at Ballina. This famous River has always been an important asset of the Banada property for domestic and commercial use such as fishing etc and it still remains a beautiful and attractive feature of the property.
The remainder of the lands include the Old Banada Abbey and (1.2 acres), convent and school buildings, plus associated hard core areas and approx. Ca; 8 acres unplanted good quality grassland/meadow at the front of the convent.
The property, with freehold title, is set on the banks of the river Moy, five miles outside Tubbercurry, the local village being Tourlestrane which is one mile away. The town of Ballina with all its services and amenities is a short drive away, with Knock International Airport only 12 miles away. Sligo City 25 miles, Galway City 60 miles, and Dublin a 3-hour drive.
This Property has huge development potential, and would suit a variety of uses for the entrepreneur who is looking for an investment.
NOTE. This property has a lot of Irish History attached to it. It was the former ancestral home of Robert Jones and the Jones Family. They took up residency in the 1600's, before being handed over to the Sisters of Charity in the mid 1800's. From then on it was used as a school/convent and also a 'Lace School'
TO VIEW OR MAKE A BID- Contact The Connacht Property Auction or visit www.connachtpropertyauction.ie
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale, which is operated by The Connacht Property Auction powered by IAM Sold.
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A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
The minimum deposit amount noted above is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to IAM Sold client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to IAM Sold within 48 hours of acceptance of their bid. The deposit balance can be paid by bank draft (made out to IAM Sold), same day bank transfer to IAM Sold client account or by debit card.
All unsuccessful bidders will have their pre-authorisations released immediately OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
A 10% non refundable contract deposit (minimum deposit of €6,500.00) is payable immediately on the fall of the hammer for a successful bid. The deposit must be paid in cleared funds either by Bank Draft (made out to IAM Sold) or by Debit Card.
For further information or to speak to one of our team, please call 091 882 121.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.