Farm Ireland
Independent.ie

Tuesday 6 December 2016

Cavan residential farm goes for close to a million

Jim O'Brien

Published 13/07/2016 | 02:30

The period property and 136ac near Mountnugent sold at auction for €977,500.
The period property and 136ac near Mountnugent sold at auction for €977,500.

A 136ac residential farm at Mountnugent on the shores of Cavan's Lough Sheelin sold in lots at auction during the week making €977,500.

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Situated 9km from Ballyjamesduff , Woodlawn Farm is across the road from the well-known Crover House Hotel and Golf Club and includes a three storey over basement Georgian house, a farmyard, 136ac of land and a three-bedroom bungalow.

The main house is of early 19th century vintage and retains many of its original features but will take investment to bring it back to its Georgian glory.

The farmyard accommodation at Woodlawn is limited and includes an old lofted courtyard with traditional stone buildings. More modern buildings include a four-column haybarn, a three-bay slatted shed along with cattle handling facilities that include a cattle crush and pen.

A three-bedroom bungalow built in the last decade and in excellent condition was also sold with the farm. The accommodation includes a sitting room, living room, kitchen/dining room and a bathroom. Set on 1.6ac, the property includes landscaped gardens and a garage.

The land has been mainly used for dry-stock farming over the years and is described by selling agent Robert Nixon as the best of ground.

Laid out in large fields with natural hedgerows, the farm is dotted with fine stands of trees. A parcel of approximately 5ac is in forestry and a river that flows through the holding provides an ample natural supply of water.

At a packed auction room, the entire was offered first and opened at €750,000. With two bidders in action the price quickly reached €900,000 but after two further rounds of bidding it failed to move.

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A lot made up of 56.65ac of land opened at €250,000 and on the fourth round of bidding it sold for €280,000 to a local beef and dairy farmer.

The period house on 47.3ac opened at €280,000 and after four rounds of the room it reached €300,000 and was withdrawn. It sold immediately after the auction for €330,000 to a young businessman from Bailieborough.

A fourth lot made up of 32.03ac opened at €200,000 and on the fourth round sold under the hammer for €255,000 to a local businessman. The bungalow on 1.6ac opened at €80,000 and was bid to €100,000 before being withdrawn. It sold to a retired lady after auction and made €112,500.

The sale was handled jointly by Robert Nixon of Kells and Liam Reilly Auctioneers of Ballinagh.

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