Business Irish

Monday 27 February 2017

Naas farm sells under hammer for €3.525m

One of the highest prices seen at an auction this year was seen when a farmer bid €3,525,000 last week for a farm near Naas, Co Kildare. Bidding opened at €2.5m and three bidders competed before bidding peaked at €3,525,000. This works out at €14,100 per acre which is a healthy price level in the market.

A retired farmer was selling the property known as Dowdingstown, Two Mile House, Naas, Co Kildare. The period five-bedroom country residence stands in the centre of the 250 acres of mainly tillage land and it is approached by a tree-lined avenue. It has been in tillage for the last few years and before that had been good grazing land.

Agents Nolan & Brophy had initially considered a guide price of €4m for Dowdingstown but revised it downwards and placed it on the market at €3,525,000. The buyer is believed to be a farmer from outside the county.

The local area is also popular for stud farms.

Irish Independent

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