Asking price falls for Tory Island hotel by €25,000

A remote Donegal island hotel that has attracted attention from buyers from across the globe after it was put on the market in recent weeks has had it asking price dropped by €25,000. 

It comes following the closing date for offers was on Saturday last.

The famous 14 bedroom Óstan Thóraigh or Tory Island hotel had a price tag of just €400,000, around the price of a three-bed apartment or less than a three-bed semi in Dublin.

However, despite interest from potential buyers who have visited the remote island,  nine miles off the Donegal coastline, including an American priest, a Belgium hotelier and a couple from Dublin, its owners have dropped the property’s asking price to €375,000.

Last month, an estate agent has blamed Brexit, an increase in VAT rates and poor publicity for a failure to sell a unique island hotel off the coast of Donegal.