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Nuns' retreat under offer at €825,000 25.04.12

by Linda McGrory

IN a hellish property market, it's a blessing of a return. An exclusive Georgian property bought for an order of nuns for £250 is now “under offer” at a guide price of €825,000.
Loreto House, Linsfort, Buncrana, is being sold by the cash-strapped Loreto order of nuns because they can't afford to keep it and have nobody left to run it. The average age of the order is 74. The stunning property on the shores of Lough Swilly near Buncrana was bought for a cash sum of £250 from the Irish Land Commission in 1928.
The trustees who purchased it on behalf of the sisters included the then Bishop of Derry, Bernard O'Kane and parish priest of Buncrana, Fr William Doherty.
It immediately underwent improvements and was used as a holiday home for one month each summer by the Loreto nuns of Omagh, Co Tyrone.
Blessing of a return: Loreto House, Linsfort, Buncrana, bought for £250 in 1928, now under offer at €825,000.
The property was reinvented 18 years ago as a peace and reconciliation centre providing retreats for lay and religious groups. It was also a venue for counselling and personal development courses for youth groups and people who lost their jobs when major local employers such as Fruit of the Loom closed. The property recently went on the market through Schiller and Schiller, Co Sligo. Bjorn Schiller said the property was currently "under offer".
"We have had two or three serious offers and various interested parties but we have one now who is probably going to take it," he said.
The property comprises nine bedrooms, six of which are en-suite, sitting room, library, large conservatory, dining room, large country kitchen, two bathrooms, laundry room and oratory.
It has a spacious courtyard surrounded by natural stone outbuildings, a stable block, large car park and a boathouse. It is set in 6.9 acres, with a walled garden, small orchard, private beach access, an outdoor labyrinth and peace garden. "At low tide, it is possible to walk all the way to Buncrana," say the selling agents, who pitch it as an ideal private, spiritual or commercial buy.
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