Local buyer sees off sterling bid for 382ac Kildare farm
Published 29/04/2015 | 02:30
Sterling and euro buyers went head to head in the sale of a 382ac residential farm at Carbury on the Kildare-Offaly border.
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.