64 stud country acres for 'under half price'
Published 15/02/2011 | 05:00
A 64ac section of prime grazing land in the heart of Kildare stud country is for sale by private treaty. The sale is emblematic of the changes in fortune in the property market -- having been sold at public auction in September 2009 for €2.2m, the farm is now back on the market with a guide price in the region of €1,000,000 -- an adjustmen of more than 50pc.
Located at Newland, two miles from Naas on the Kilcullen road, the non-residential property is surrounded by famous stud farms such as Rathasker, Newlands House, and Newtown Studs.
The property, which comes with €3,000 in entitlements, is in one division. It is dry and well drained, with excellent fencing and its own natural water supply provided by a stream at the back of the farm.
While there are no buildings, about 100m of excellent road frontage could, with the requisite planning permission, be developed for a dwelling or for farm buildings.
John O'Reilly of selling agents Sherry Fitzgerald O'Reilly, Naas, pointed out that while the price had changed the land hasn't.
"The drop in price doesn't change the quality of the land or the prime nature of its location," said Mr O'Reilly.
"It is multi-purpose ground suitable for horses, grazing or tillage and situated in the best of equestrian country. Up to recently it was a very productive tillage unit. It is close to Dublin, close to the motorway system and the town of Naas is two miles away," he pointed out.