Farm Ireland
Independent.ie

Tuesday 24 October 2017

72ac Tipp lands end 2013 with €650k sale

Jim O'Brien

Jim O'Brien

In one of the last transactions of 2013 a 72ac holding, formerly part of Ballykisteen Stud at Monard, on the Limerick/ Tipperary border, sold after auction.

The property was withdrawn at €580,000 and a deal was concluded immediately afterwards for a price believed to be in the region of €650,000.

Located at Acraboy, Monard, Co Tipperary, adjacent to Ballykisteen Golf Club and Limerick Junction Railway Station, the holding is well known among bloodstock enthusiasts and golfers.

The former Ballykisteen stud farm was converted to a golf course some years ago and this 72ac portion was the last remaining part of the farm in agricultural use.

Auctioneer Tom Crosse of GVM describes the property as consisting of 60ac of very good land and 12ac that will need draining.

Laid out in easily managed fields with good fencing and access to water, the land is fronting on to the N24 Limerick to Tipperary road.

There are no buildings aside from some cattle handling facilities, however the land is accessed through its own wrought iron gate and stone entrance.

VALUE

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The 72ac had been for sale with Ballykisteen House but the owner decided to sell the land separately at agricultural value.

The auction was attended by approximately 20 people and bidding opened at €500,000. The price on offer quickly increased to €580,000 and after a brief consultation the auction resumed but no further bids were received.

The property was withdrawn and a deal was concluded privately for a figure believed to be close to the sale guide of €650,000.

Irish Independent