Farm Ireland

Thursday 20 October 2016

'Unlimited potential' for farming and development

Published 24/08/2016 | 02:30

The 256ac grassland and tillage farm straddles the border between the Republic and the North
The 256ac grassland and tillage farm straddles the border between the Republic and the North
The neo-classical, new-build residence at Dungooly Lodge between Dundalk and Newry is described as ‘shell finished’ by selling agents Best Property Services
The property was being developed by Eddie Haughey prior to his death in 2014

Dungooly Lodge, a 256ac farm just outside Dundalk, which was being developed by the late Dr Eddie Haughey has come on the market with a guide price of €4.155m.

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The high-quality grassland and tillage farm straddles the border between the Republic and Northern Ireland and is located some seven miles from Dundalk and eight miles from Newry.

Dr Eddie Haughey was born in Dundalk in 1944 and educated locally by the Christian Brothers. He was appointed to An Seanad in 1993 by then Taoiseach, John Bruton. After receiving the title Lord Ballyedmond he shared the distinction of being a member of both the British and Irish upper houses of parliament with Lord Iveagh and Lord Longford.

He died when his helicopter crashed while taking off in foggy conditions from his estate in Norfolk on March 13, 2014. The two pilots and a foreman who worked for Dr Haughey also perished in the crash.

The businessman made his fortune after founding the Newry based pharmaceutical business Norbrook Laboratories and had built up extensive farming interests in the Republic, Northern Ireland and Britain. The Haughey family decided against completing the redevelopment of Dungooly, which had just begun at the time of the helicopter accident.

While pursuing the project Dr Haughey used the farm to produce grain and silage for the family's main farm across the border in Rosstrevor, Co Down.

The sale, which is being handled by Gary Best of Best Property Services in Newry, and is an executor sale, will be sold in one lot or six separate lots.

Mr Best describes the property as an estate with "unlimited development potential".

The neo-classical residence, which was gutted internally during the revamp of the property, is described as "shell finished", with the roof and glazing completed and the building sealed. It is being offered as a single lot with 98ac of adjoining land.

The high-ceilinged house, one of the largest new homes built in Ireland in recent years at 27,000 sq ft, features high-sash windows throughout and has an underground car park and a glass dome in the main hall. The ground floor consists of a main room, a dining room, a kitchen and living accommodation for staff, if required.

The second floor consists of nine en-suite bedrooms, dressing rooms and a study and further apartments which could be used for staff accommodation.

The remaining five land lots vary in size from 8.5ac to 70ac of high-quality grassland which would also be ideal for growing winter cereals.

Only 5ac of lands with Dungooly Lodge are in Northern Ireland and are separated from the main farm by a border stream.

The deadline for offers on Dungooly Lodge is September 30 next.

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