Middle East buyer secures Friarstown
Published 21/06/2011 | 05:00
Friarstown Stud, a 137ac residential stud farm situated beside the Curragh in Co Kildare, has been sold for an undisclosed price to a buyer believed to be from the Middle East.
It is understood that the new owner wants to develop Friarstown as a stud farm and pre-training operation.
Friarstown Stud comprises 137ac a five-bedroom 4,000ft2 detached residence and a 45-loosebox stable yard with two horse walkers, a lunging ring and direct access to the Curragh Plains.
It was withdrawn unsold from public auction last year at a guide price of €2.5m.
The property is convenient to the Curragh racecourse, and trainers' favourites such as the Flat Rath, Walshe's Hill, and Old Vic Gallops and the schooling grounds.
Auctioneer Paddy Jordan refused to disclose a sale price but said there was a perception internationally that property in Ireland was now good value.
The same agent recently closed another deal to sell off Ballysax Manor, a six-acre residential property. One of the racing lodges on the Curragh, it was secured by an American client in another private sale.
Mr Jordan is also handling the sale of two tillage farms in Kildare in the coming weeks.