Nick Faldo's Bartragh Island, Killala Bay Land Acquired For €1.1M By Colliers
Bartragh Island, County Mayo, Ireland
$1,100,000
$0/SF
Building Size
19,166,400 SF
Asset Type
—
Closing
Sep 24, 2021
About this deal
AI
The transaction involves the sale of a land asset located at Bartragh Island, Killala Bay, Killala, Co. Mayo, Ireland. The property spans 440 acres and was purchased for a total price of €1,100,000, resulting in a price per acre of €2,500. The transaction took place on September 24, 2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: €1,100,000
- Acres: 440
- Price per Acre: €2,500
Nick Faldo, the vendor, sold the land asset. The transaction was facilitated by Callum Bain from Colliers, who acted as the agent in the deal.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93