Have you got 1.4 million

Kingswood Rover

Dublin Mountain GC for sale as advertised in the Tallaght Echo, much maligned by many people i know but i have to say i enjoyed my few rounds there some quirky holes. Give Donald a ring, trump mountain.

the lawman

You spelt 'thousand' wrong.

ForeRight

A terrible course but it's some plot of land for 1.4m

Russman

Are they shutting down as a club ? Or is it for sale as an almost going concern ?

Kingswood Rover

Russman wrote: »

Are they shutting down as a club ? Or is it for sale as an almost going concern ?

Yes,it is being advertised as a golf club for sale rather than the land. 1 .4 million for 102 acres, that's 137k per acre LULA stuff. Club AGM this coming Tuesday the 6th. Hope they can raise the money.

Russman

Kingswood Rover wrote: »

Yes,it is being advertised as a golf club for sale rather than the land. 1 .4 million for 102 acres, that's 137k per acre LULA stuff. Club AGM this coming Tuesday the 6th. Hope they can raise the money.

Can't see them coming up with that sort of money, what have they got, couple of hundred members ? Must be looking at min €5k per man at a guess.....

ForeRight

Kingswood Rover wrote: »

1 .4 million for 102 acres, that's 137k per acre.

Kingswood Rover

ForeRight wrote: »

yep made a complete trollix of that calcumalation and for my stupidity i wont even edit it.

First Up

Russman wrote:

Can't see them coming up with that sort of money, what have they got, couple of hundred members ? Must be looking at min €5k per man at a guess.....

Is the course on part of the route of the widened N81?

listermint

First Up wrote: »

Is the course on part of the route of the widened N81?

no

First Up

In that case, could it be re-zoned for housing?

listermint

First Up wrote: »

In that case, could it be re-zoned for housing?

scratch that, its right in the path of it

Russman

First Up wrote: »

Is the course on part of the route of the widened N81?

The ad on Daft says the planned upgrade will go alongside the western edge of the property, so I guess yes is the answer.
But, hasn't that "new" road been in the pipeline for many years ? Who knows if it will ever go ahead.

ForeRight

Russman wrote: »

The ad on Daft says the planned upgrade will go alongside the western edge of the property, so I guess yes is the answer.
But, hasn't that "new" road been in the pipeline for many years ? Who knows if it will ever go ahead.

It has been planned for a decade yes but in the last few months the actual go ahead was only given and it's due to start in the next 18 months

First Up

Can't see anyone buying it as a golf course. Would need a fortune spent on it to make it anyway decent and there is already a perfectly good course just across the road.

Only makes sense to buy it as development land I'd say.

Ollieboy

1.4 million is way to much, agriculture land usually only sells for around 10k a acre and that is land that is usable straight away, golf land takes 5 to 7 years to recover from all the chemical used etc. Take out waterways etc and 900k to 1 million would be the true value unless it as potential for commercial/home building. There might also be a potential financial benefit from the new road, if a CPO is required.

It also depends which fund/bank is selling it, but once they put it on the open market it means they don't want to do a deal with the club or they already believe the club can't fund the deal. Another reason to put it up for sale is because they already have a buyer.

Really sounds like it's the end as a golf course though.

Russman

Ollieboy wrote: »

1.4 million is way to much, agriculture land usually only sells for around 10k a acre and that is land that is usable straight away, golf land takes 5 to 7 years to recover from all the chemical used etc. Take out waterways etc and 900k to 1 million would be the true value unless it as potential for commercial/home building. There might also be a potential financial benefit from the new road, if a CPO is required.

It also depends which fund/bank is selling it, but once they put it on the open market it means they don't want to do a deal with the club or they already believe the club can't fund the deal. Another reason to put it up for sale is because they already have a buyer.

Really sounds like it's the end as a golf course though.

Is it a bank selling it though ? or are the owners just getting rid of it ?

Sounds very ominous for the members though if they can't buy it themselves, I can't imagine too many guys will pay a 2017 sub, when they don't know if they'll have a course to play on.

First Up

Russman wrote: »

Is it a bank selling it though ? or are the owners just getting rid of it ?

Sounds very ominous for the members though if they can't buy it themselves, I can't imagine too many guys will pay a 2017 sub, when they don't know if they'll have a course to play on.

As far as I know its a family owned operation. I would be surprised if members were prepared to put money into buying it as a golf club. It really isn't much of a course and there's a number of better options within 5-15 minutes.

Russman

First Up wrote: »

As far as I know its a family owned operation. I would be surprised if members were prepared to put money into buying it as a golf club. It really isn't much of a course and there's a number of better options within 5-15 minutes.

True enough