Life Homes

Tuesday 16 September 2014

€2.4m for home once owned by Saudi Sheikh

Property, on 121 acres, is going to auction in two lots, writes Donal Buckley

Published 15/03/2013 | 05:00

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Property, on 121 acres, is going to auction in two lots, writes Donal Buckley

After the turn of the Millennium and while the boom was beginning to gather momentum, Glenmore House, Clonee, Co Meath, was valued at over €4m. Next month it will go for auction in two lots with a guide price of €2.4m for the entire property – including its 121 acres. Agents Coonans Real Estate Alliance are guiding €1.15m for the refurbished house as well as a groom's residence on 21 acres, and a further €12,500 per acre or €1.25m for the other 100 acres.

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In the nineties, the four-bedroom country house was owned by the Saudi banker Sheikh Khalid bin Mahfouz, following the introduction of a programme of attracting overseas investment to Ireland by offering the investors Irish passports.

The sheikh duly invested some extensive shekels refurbishing the property. He sold it around 2002 and its Irish owner recently decided to put it to auction.

Attractively decorated in the period style, its five reception rooms include a morning room with an attractive bay window and fine ceiling cornice. Its dining room is enhanced with a carved mahogany Art Deco mantelpiece, ceiling cornice, and double folding doors to the hallway.

Maple floors are fitted in both the drawing room and the sun room, and the latter has as many as three sets of French doors leading to the gardens. The fifth reception room has stained glass windows and overlooks the courtyard.

Its well equipped kitchen boasts extensive worktops, and from there double folding doors lead to a rear porch entrance and stable yard.

Upstairs each of the four bedrooms is en suite and three of those accommodate baths.

The groom's lodge extends to 139sqm and is a modern detached, single-storey, house with a living room, dining room, kitchen/breakfast room, three bedrooms, two bathrooms, and a utility room.

The stable yard is located to the rear of the house and can accommodate more than 24 horses and has overhead loft storage.

The grounds also come with a tennis court, attractively laid out gardens, a barn, and a cattle holding yard, which may appeal to prospective buyers who plan to engage in cattle farming.

The land is a combination of fertile tillage and grassland, together with extensive road frontage. Located just 1.5 miles from Clonee Village, it is close to Blanchardstown Shopping Centre, 11 miles from St. Stephen's Green and a 20 minute drive from Dublin Airport.

April 11 has been set as the date for the auction.

Contact Coonan Real Estate Alliance at 01 6286128

Irish Independent

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