Farm Ireland

Tuesday 25 July 2017

Owner on a winner with midlands stud

Park Stud is reported to have sold for around €1.5m
Park Stud is reported to have sold for around €1.5m
Park Stud
Jim O'Brien

Jim O'Brien

Park Stud, a residential equestrian and drystock property extending to 135ac near Kinnegad, sold after auction last week for a price believed to be in the region of €1.5m.

Located 5km from Kinnegad, 8km from Edenderry and 55km from Dublin, the property was a successful stud farm for many years and a renowned training yard for John Oxx and Liam Browne.

It was once home to the great Arctic Prince, winner of the 1951 Epsom Derby. In 1956 he made a record price when sold into stud in the US for $900,000.

The property consists of 135ac of mainly fine dry-grazing ground, a solid traditional stone residence in perfectly habitable condition, an extensive stable yard with comprehensive equestrian facilities and substantial cattle accommodation.

The attractive two-storey cut-stone dwelling has accommodation that includes four spacious bedrooms, a kitchen and three reception rooms.

Behind the house is a long single-storey building that could easily be converted to provide additional living accommodation or office space.

The traditional yard accommodates 30 loose boxes on either side of a gravel yard, while other equestrian facilities include an automated six-horse walker, a tack room and a sand arena.

The land is divided into more than 10 large fields and a number of smaller fields that are well fenced and serviced by an internal roadway. Livestock facilities include an A-roofed shed with slatted floors and space for up to 150 head of cattle, a large walled silage pit and a four-column haybarn with lean-to and a range of impressive cattle/horse handling facilities. At auction, four bidders were involved when Jimmy Murtagh of James L Murtagh and Sons, Mullingar, accepted an opening bid of €800,000.

The four customers stayed with the action all the way as the price rose in increments of €20,000.

All were still standing when the property passed the €1m mark and continued to €1,465,000. At that point bidding stopped and Mr Murtagh withdrew the property.

It was bought after auction by a local businessman with significant equestrian interests.

Indo Farming