Local farmer loses out as late bidder drives farm to €720k above guide price
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 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.
Mr Dawson described the price paid as excellent, saying the active bidders were all keen, with a local farmer coming a strong second.
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