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

Castle Mona in Douglas

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue