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Sunday 22 October 2017

Negotiations roll on for Clonymeath House

Jim O'Brien

Jim O'Brien

Clonymeath House on 85ac near Summerhill, Co Meath was withdrawn from auction last week after being bid to €1.365m, just shy of its guide €1.5m guide.

Auctioneer Aidan Heffernan of Sherry Fitzgerald Royal is confident of an early and successful closure of post-auction negotiations.

The house is a substantial 4,630sqft modern house built to a traditional design and modelled on Kilpeacon House in Limerick, a building designed by architect Richard Morrisson.

The house and its 85ac comes with a yard with four loose boxes, a cottage in need of renovation and a large garage.

Clonymeath, which was developed by a local dairy farmer and his solicitor wife in 1995, comprises three reception rooms, a study, kitchen and downstairs toilet.

The basement is home to a wine cellar, while on the first floor the accommodation includes five large bedrooms, one ensuite and a family bathroom. There is also a separate guest apartment with a living room/kitchen area, two bedrooms and a bathroom.

The land is laid out in a number of fields in permanent pasture, sheltered by mature trees and watered by the Moynalvey river.

The property was offered in lots initially when Aidan Heffernan opened proceedings in the auction room.

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Lot one, the house on 22ac, was bid to €800,000 before it was withdrawn. Lot two, 65ac of grassland, was withdrawn at €560,000. With the combined lots standing at €1.36m, Mr Heffernan offered the entire and this attracted a further €5,000. The property was withdrawn at €1.365m and active negotiations are ongoing.

Meanwhile, a 26ac parcel of ground located in the Meath Gaeltacht at Rathcairn, three miles from Athboy, was withdrawn from auction by Mr Heffernan at €160,000 and sold immediately afterwards for a higher figure.

The grassland farm is typical of the Land Commission holdings granted to resettled west of Ireland farmers by Eamon De Valera when he set up the Meath Gaeltacht in the 1930s.

The parcel in question has no road frontage and was accessed by a narrow passage, a fact that would have restricted the range of customers who would buy. It was sold to a local farmer after the auction.

Irish Independent