Tipp top stud farm exceeds expectation
A 60AC residential stud farm located at Holycross, Co Tipperary, sold at auction last week for €930,000, exceeding its guide by €90,000.
Graigueanoe Park is located 1km from Holycross and 7km from Thurles. The stud farm comes with a full range of equestrian facilities and a bloodstock history that includes a number of noted winners.
The property is situated on the original site of Graiguenoe Park House built by Charles Clarke in the early 19th Century but burned down in March 1923 in the last months of the Civil War. The current yard is located within the old, walled, kitchen garden.
The modern five-bedroom residence set on an elevated site with fine views of the surrounding countryside extends to 3,200sqft and is finished to a high standard.
The lands are laid out in 10 divisions and are well fenced, self-draining and enjoy 500m of river frontage on to the River Suir.
The yard comprises 28 boxes set in a converted slatted shed and the facilities include a horse walker, loading bay, cattle chute and extensive concreted yard.
In its 12 years, Graiguenoe's list of winners include Alexander Tango in the Garden City Stakes, Brunel in the German 2000 Guineas in 2004 and Regime, a multiple winner.
Andrew Nolan, of selling agents Goff's, explained that the property was offered in lots and as an entire.
At the initial part of the auction the lots were put to the floor with Lot 1, the house and 15ac, reaching €375,000 and Lot 2, the yard and 45ac attracting €300,000.
The entire was then put to auction opening at €675,000, the sum of the amounts bid on the lots.
Three bidders immediately joined the action, two local solicitors and a local farmer.
Bidding climbed quickly and soon reached €910,000 at which point the vendors were consulted.
It was decided to return to the auction and after further bidding the property was put on the market at €930,000 and sold at that price to a solicitor acting in trust for a father and son.
Mr Nolan said everyone was happy with the sale and both vendors and agents were delighted to substantially exceed the guide.