herald

Tuesday 21 August 2018

Son stages sit-in at Mansfield golf suite

A MAN who broke into an apartment owned by his mother on a high-profile golf course says he will not move until he gets answers in a legal wrangle over the property.

Thomas Bradshaw (29) from Swords in Dublin, broke a window and occupied the apartment in the Citywest Golf Suites, which were developed by businessman Jim Mansfield at his hotel and leisure complex.

The apartment was bought by Mr Bradshaw's mother Angela in 2002 and was rented back to Mr Mansfield on a seven-year lease.

Investors were allowed to buy apartments and then lease them back to Mr Mansfield to use as hotel rooms.

There was a guaranteed rent return of about €800 a month for seven years with an option for a further 14 years. The investors also received a tax break.

The Bradshaws ground-floor suite has been empty for the past two years and Thomas says his mother is paying a mortgage of €2,400 a month on the property.

It is not rented out and she cannot move into it or rent it out herself.

She says she has not received any rental income for two years.

A receiver was appointed by Bank of Scotland Ireland to the Citywest complex last July when it moved to collect €170m worth of loans borrowed by Mr Mansfield and owed rent of about €1.2m.

At least six of the suites have been repossessed by banks after owners failed to meet their repayments.

Thomas Bradshaw says he will remain in the apartment until he gets answers to questions he has about the control of the property, which essentially consists of three hotel bedrooms.

"We should be able to convert this into an apartment and rent it out," he said.

His brother Peter said that if their mother did not begin to collect rent for the Citywest suite soon she would lose all her investment properties including her own home.

The receiver, Martin Ferris of Ferris and Associates, could not be contacted for comment on the matter.

About 140 suites were sold at a cost of €52m when the development first went on the market. The golf hotel was run by HSS which controls the Citywest complex.

csheehy@herald.ie

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