Farming buyers prevail in €5m sale of 298ac tillage beef farming enterprise

Average price tops €16,300/ac for grazing and tillage ground on 298ac Kildare estate

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Jim O'Brien

Jim O'Brien

Prumplestown House on 298ac near Castledermot in Kildare sold in lots for €4.87m at auction last week. The sale, conducted by John Dawson of Tullow, with joint agents Collier International, saw the property make an average of over €16,300/ac.

Built by the Duke of Leinster in 1856, Prumplestown was bought by the Wright Family in 1897 and remained in their ownership until last week's sale.

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Within 10km of Carlow town, the farm is bisected by the M9 and has 200ac in tillage with the remainder in grass.

At auction, the first lot to sell included the seven-bedroom Victorian house, a refurbished two-bedroom lodge and an extensive combination of modern and traditional yards on 137ac of grass and tillage.

This opened at €1.5m and, with three bidders in action, went on the market at €1.95m and sold to a local woman for €2.05m.

A 62ac parcel in tillage with a boarded-up two-storey residence bounded by the motorway and with frontage to a side road opened at €500,000.

This too attracted three bidders and sold at €1.1m to an auctioneer acting in trust, making €17,700/ac.

Divisions

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A third lot extending to 26ac in two divisions, separated by the motorway, made €420,000 or €16,500/ac and was bought by the same auctioneer acting in trust.

A 72ac tillage field located directly across the road from the main entrance opened at €700,000 and made the premium price of the day at €18,055/ac when it sold for €1.3m to a farmer with property in the general area.

The gate lodge
The gate lodge

One bidder showed interest in the entire, but withdrew from the transaction at €4.45m.

John Dawson was delighted with the result and pleased that the place stayed in farming ownership.

"The per acre prices paid for the various lots were very strong," he said.

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