Ballinacurra House: A Unique Opportunity in Kinsale’s Property Market
The commercial and hospitality sector in Kinsale is witnessing a significant shift, particularly with the recent price drop of Ballinacurra House estate to €3.75 million. This follows an advanced ‘sale agreed’ status two months prior that ultimately did not materialize. The estate, which has now been refreshed with exciting updates, is poised to attract renewed interest from potential buyers.
A Prime Location with Rich History
Situated just a few miles upriver from Kinsale, Ballinacurra House boasts an impressive frontage to an inlet off the River Bandon. The estate encompasses a 14-bedroom main manor-style period house, complemented by two guest cottages that add an additional seven bedrooms. Spanning 23 acres of waterfront land, the property offers immense potential for various uses, including conversion into a boutique hotel or wellness center. The estate’s rich history adds to its allure, famously serving as a retreat for pop icon Michael Jackson and his children in 2007.
Facilities and Features
Ballinacurra House is not just a beautiful property; it is equipped with a range of facilities designed for private and exclusive functions. The expansive Georgian property, covering 18,000 square feet, includes a ballroom/function room, a commercial kitchen, and themed bedrooms, making it an ideal venue for events. The recent price adjustment to €3.75 million from an initial launch price of €6.35 million in 2021 reflects a strategic move to attract buyers in a competitive market.
Recent Developments in the Sale Process
The property was previously under negotiation with East Cork-based buyers connected to Hong Kong, with discussions reportedly centered around a €5 million deal. However, the sale did not proceed as planned. Now, Marcus Magnier of Colliers has been reappointed as the selling agent by Rory Cotter, receiver of Crowe Ireland. The new price includes the addition of Stone Lodge, a six-bedroom family home located on private grounds adjacent to Ballinacurra, enhancing the overall appeal of the estate.
Legal Challenges and Market Dynamics
The journey to sell Ballinacurra has not been without its challenges. Legal disputes reached the High Court last year, involving the McGahan family and lenders Mars Capital Finance, who took over loans from Pepper Finance. The McGahans were granted carriage of sale until January 31, 2025, amid claims that Mars was owed €2.2 million. Despite these hurdles, the return of Ballinacurra to the open market, now with additional property and at a lower price, is expected to reignite interest among potential buyers.
Potential for Hospitality Ventures
The property’s location and features make it an attractive option for hospitality ventures. With Kinsale being a leading tourism destination and a key point on the Wild Atlantic Way, the estate could be developed into a high-end hospitality venue, akin to the upscale Lissard House near Skibbereen. The proximity to Cork city and airport, just 35 minutes away, along with access to several renowned golf courses, including the world-famous Old Head Golf Course, further enhances its appeal.
A Private Estate for High-Net-Worth Individuals
In addition to its potential as a hospitality venue, Ballinacurra House may also attract high-net-worth individuals seeking a private compound or estate. The area has seen significant investment from affluent buyers, such as US philanthropist James Berwind, who has spent over €16 million in Kinsale. His recent acquisition of a dormer bungalow in scenic Sandycove for €4.99 million exemplifies the growing interest in high-value properties in the region.
Final Thoughts
With its rich history, prime location, and extensive facilities, Ballinacurra House presents a unique opportunity in the Kinsale property market. The recent price drop and the inclusion of additional property are expected to attract renewed interest from both hospitality investors and private buyers. As the market evolves, Ballinacurra House stands out as a versatile estate with immense potential. For more details, interested parties can visit colliers.com.
