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Castletown Golf Links makes £3.1m

12.34am 6th January 2012 - Property

The sale of the Isle of Man course was announced several weeks ago but only now have the full sale proceeds been recorded.

Towards the end of November it was announced that Castletown Golf Links, thought by many to be the best out of the nine courses on the island, had been sold in what was described as ‘a multi-million pound deal’.

The purchaser, Philip Vermeulen, lives on the island. His company, Langness Golf Course, was said to have bought the golf course.

This news was warmly greeted by the Castletown Club Captain, Steve McGowan. Mr McGowan was quoted as saying: “The intention is to return the course to its former status as a top 100 course in theUK. Investment is required in facilities, equipment and operational excellence and the owner is advocating an inclusive model of broader-based ownership. Philip Vermeulen’s history is a hands-on operator who does business turnarounds for a living. This is great news for the club.”

The hotel which adjoins the golf course was not part of the deal.

Documents now recorded at the general registry in Douglas reveal three separate sales totalling £3.1 million.

Castletown Golf Links Ltd, registered office The Fairway Suite, Derbyhaven, Castletown, sold The Golf Course, Langness, Castletown, for £2,100,000 to Langness Golf Course Ltd, 33-35 Victoria Street, Douglas.

Fort Island Golf Lodge Ltd, registered office The Fairway Suite, Derbyhaven, Castletown, sold The Golf Lodge, Langness, Castletown, for £525,000 to Langness Properties Ltd, 33-35 Victoria Street, Douglas.

Redford Ltd, The Fairway Suite, Derbyhaven, Castletown, sold a plot of land part of Langness Estate, Derbyhaven, for £475,000 to Langness Properties Ltd, 33-35 Victoria Street, Douglas.

Castletown Golf Links www.castletowngolfclub.co.im

       

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