Farm Ireland
Independent.ie

Sunday 11 December 2016

Bids stall on historic home

Jim O'Brien

Published 26/10/2010 | 05:00

Lionsden House, an 18th Century listed building on 56ac of parkland near Longwood, Co Meath, was withdrawn from auction at Johnstown House Hotel, Enfield, last Tuesday.

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Phillip Byrne, of Coonan's Real Estate, Maynooth, said a full house attended for the auction and two bidders entered the fray when proceedings opened at €450,000.

In bids of €20,000 the parties followed one another until matters came to a halt at €530,000. At that point the auctioneer consulted with the client and was instructed to continue with the auction but, when bidding resumed, there were no further offers.

The property was withdrawn at €530,000 and active negotiations are now ongoing with an interested party.

A guide price of €600,000 was quoted before the auction.

Meanwhile, a 40ac non-residential farm at Ongestown, Bohermeen, Navan, Co Meath, was withdrawn without a bid being made when it went for auction at the Ardboyne Hotel, Navan, last week.

Local auctioneer Raymond Potterton described the farm as superb agricultural ground, laid out in five fields with good road frontage. The holding includes a well-equipped farmyard with a lock-up barn and other sheds.

When the auction opened, there were no bids at all from those in attendance. Mr Potterton withdrew the property and it is now for sale by private treaty with a guide price of €400,000 or €10,000/ac.

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It is understood that serious negotiations are ongoing with a prospective buyer who wasn't in attendance at the auction proceedings.

Irish Independent



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