Farm Ireland
Independent.ie

Saturday 23 June 2018

Local farmer loses out as late bidder drives farm to €720k above guide price

Jim O'Brien

Jim O'Brien

Slyguff Lodge, a 65ac residential farm with a wide range of farm buildings near Bagenalstown in Co Carlow made €1.52m at auction last week, writes Jim O’Brien.

A last minute bidder broke the million mark and went on to pay over €23,000/ac for the property.

Located 4km from Bagenalstown and 9km from Borris, the Victorian house is set at the end of a long avenue surrounded by the best of tillage and grassland.

The avenue serves as a central roadway while a second roadway serves the yard. The property has extensive road frontage on to the Borris road and extensive sheds laid out in a traditional courtyard and a more modern yard.

The 65ac is in one block and laid out in nine fields, divided between tillage and grazing
The 65ac is in one block and laid out in nine fields, divided between tillage and grazing

The house is a lovely Victorian construction with a series of interconnected reception rooms all with bay windows, while upstairs there are four bedrooms.

At auction, John Dawson of Tullow opened proceedings when he accepted an initial bid of €500,000.

With two bidders in action the price soon reached €950,000, at which point the auctioneer cajoled and encouraged but managed to elicit no further bids. He consulted the vendor who hesitated but after a few moments’ consideration instructed Mr Dawson to put the holding on the market.

Bidding resumed with the property on the market at €950,000 and a new bidder entered the fray and took the price over the €1m mark. Proceedings continued at a brisk pace until the hammer fell in favour of the latecomer, a solicitor acting in trust.

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Mr Dawson described the price paid as excellent, saying the active bidders were all keen, with a local farmer coming a strong second.

The house is of Victorian vintage and is in good condition with many of the original features intact
The house is of Victorian vintage and is in good condition with many of the original features intact

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