Farm Ireland

Tuesday 25 October 2016

Local buyer sees off sterling bid for 382ac Kildare farm

Jim O'Brien

Published 29/04/2015 | 02:30

Auction: Four buyers, including two from the sterling zone, battled it out for Clonkeen House and farm
Auction: Four buyers, including two from the sterling zone, battled it out for Clonkeen House and farm

Sterling and euro buyers went head to head in the sale of a 382ac residential farm at Carbury on the Kildare-Offaly border.

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A Leinster businessman and farmer, who could not even gain entrance to the packed auction room, won the day paying €2.65m for the farm. The guide price prior to auction was €3m.

The property is located a few minutes from Carbury in Co Kildare and Edenderry in Offaly and runs down to the Grand Canal.

The subject of an executor sale, the farm was owned by a Leitrim man who farmed it from a distance but did so with great care and substantial investment.

The atmosphere at the auction was electric when Navan auctioneer Raymond Potterton took to the stand. The property opened at €2m and two bidders drove matters forward in bids of €100,000.

A new bidder joined proceedings at €2.3m and at €2.45m the eventual buyer declared his hand from outside the door of the auction room.

The property went on the market at €2.6m and sold at €2.65m to 'the man outside." Two of the four bidders were UK-based.

The house, a 19th century storey structure, was re-roofed and fitted with double glaze PVC windows in 2005.

Although not lived in, the property has been heated and kept up to living standard.

The farmyard has accommodation for up to 500 head of stock and the extensive range of top quality buildings includes a six-bay, 12-pen slatted shed along with a six bay, 24-pen slatted shed serviced by an automated slurry system.

Other accommodation and facilities include a five-bay haybarn, a nine-bay loose cattle shed, three loose boxes, a six-bay cubicle shed, a machinery shed, a six-bay fertiliser store and a 20 t meal silo.

The land includes 50ac of forestry and two 20ac sections of heavier ground at either side of an expansive crown of good dry grazing land extending to c.290ac. The fields are in great heart, well fenced and easily accessible.

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