Derelict castle on Isle of Man sells at £2.8m discount from 2007

By Emanuele Midolo2018-05-24T16:08:00

A castle on the Isle of Man has been sold at auction for the second time in just over six months for just under a quarter of the price its owners paid.

The derelict Castle Mona in Douglas was sold last week at auction by Lambert Smith Hampton (LSH) for £1.2m.

It was put up for sale by owner Sefton Group in October last year with a £1m guide price and sold before that auction for an undisclosed sum. The Sefton Group acquired the property from Skyland Investments for £4m in 2007.

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