'Unlimited potential' for farming and development
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.
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".