Farm Ireland
Independent.ie

Wednesday 29 March 2017

Stud farm looks a healthy investment

Top-notch equestrian facilities and planning permission make for an attractive overall package

Jim O'Brien

Jim O'Brien

Herbertstown Stud is just three miles from the Curragh and Punchestown racecourses
Herbertstown Stud is just three miles from the Curragh and Punchestown racecourses
Herbertstown Stud is just three miles from the Curragh and Punchestown racecourses

An outstanding Co Kildare stud farm on around 180ac of prime land has recently come on the market. Complete with excellent equestrian facilities and staff housing, this beautiful property is located at Herbertstown in the heart of Co Kildare's bloodstock country. It comes with planning permission for eight houses and four apartments.

The farm, which is for sale by private treaty, comes with a guide price of €2.7m or €15,000/ac.

According to Susan Kirk, of Coonan's Real Estate Alliance, Maynooth, the guide makes this property an attractive proposition for anyone involved in the equestrian industry or someone wanting to invest in the sector.

Herbertstown Stud is located just four miles from both Naas and Newbridge, three miles from the Curragh and Punchestown racecourses and one mile from Two Mile House Village. It has easy access to the M7 motorway, with Dublin Airport less than 45 minutes away.

The farm has been run as a successful stud farm for over 20 years and is being sold by its current owners, a group of business people who originally bought it in 1998 from Italian owners.

From the gateway to the stables, the place is beautifully finished and maintained and while there is no primary residence with the property there is a groom's house and staff accommodation.

Approached through electric gates, a long avenue leads to the yards under the shelter of magnificent mature beech trees. On either side are the various paddocks fenced with top quality post and rail fencing. The stable yard is an attractive cut-stone construction laid out in a courtyard style with a lawn to the centre and a wonderful mature chestnut tree.

Facilities


The equestrian facilities include 21 boxes finished to the highest standard, an all-weather lunging ring and a horse walker. The outbuildings also include an eight-bay hay shed.

The land is all in grass and laid out in 12 divisions, which are fenced by a combination of post and rail and natural hedgerows. There is piped water to every division and the farm is serviced by an internal road network that makes working the land very easy.

The accommodation consists of a groom's cottage; a single-storey residence adjoining the yard. The three-bedroom house includes a sitting room, kitchen and bathroom. Other staff accommodation consists of a first-floor flat with sitting room, kitchenette, bedroom and bathroom. There is also a canteen and staff office in the yard.

Gardens consisting of lawns sheltered by stands of mature trees and hedging are located close to the main yard and buildings.

While the construction industry and the property industry have seen better days, the potential for development on this holding is substantial given the existence of planning for eight houses and four apartments along with expanded equestrian facilities. There is real potential to make good on this investment in better times.

According to Susan Kirk of Coonan Real Estate Alliance, this is one of the most substantial country properties to come to the market for some time and one sure to attract considerable interest.

Indo Farming