Castleknock Golf Club Up For Sale
Published on Jul 9 2014 11:01 AM in General Industry
Castleknock Golf Club is up for sale according to a report in today's Irish Times.
Receivers were appointed to the golf club back in January and although the popular club remains profitable, the receivers have instructed that it should be put up for sale.
The paper notes that Marcus Magnier of Colliers International, who is handling the sale, is seeking in excess of €2.5 million for the 125 acre course and clubhouse which has a turnover of approximately €2 million.
The 870 square metre clubhouse includes a shop, bar, restaurant, function area and changing rooms. The club is well located beside the Phoneix Park and close to the city centre, which has assisted in keeping membership numbers high. The club is also expected to host more corporate events in the future. The hotel on the site is now owned by FBD Holidays and Resorts.
Apparently the success of the club in recent years can largely be attributed to the flexible membership system and fees which they operate.