Belfast Telegraph

Holiday homes in Fermanagh on sale for £1.75m after bankruptcy

By Margaret Canning

Around 20 holiday homes close to Lough Erne Resort & Spa are on the market for £1.75m, nearly eight years after the insolvency of their developer.

And 13 of the homes at Castle Hume Court are already let out at a rent of £82,000 per year.

The homes are being sold on the instructions of Tom Keenan as fixed charge receiver.

It's understood he has been appointed by Clipper, a vulture fund which was sold debts relating to the site by First Trust after the Irish bank funded the original development.

Stephen McAloon, who built the homes, said he had made an offer to buy them back but that it was refused. He had lost control of the properties after going bankrupt during the property crash.

Phillip Smyth, director of agency at Lambert Smith Hampton, which is selling the development, said: "Castle Hume Court is an excellent investment opportunity of 19 attractive townhouse holiday homes in a prominent location between Castle Hume Golf Course and the superb Lough Erne Golf Resort in the heart of the Fermanagh Lakelands.

"The area is known for its world class golf courses, stunning waterways and adventure activities. We know that Castle Hume Court holds appeal for a wide variety of people who are keen to make the most of this fantastic part of NI."

Belfast Telegraph

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