Prime Kilkenny ground sells for €12,000 per acre
A 72ac section of the Kilmurray Estate with a renovated gate lodge at Thomastown Co Kilkenny sold under the hammer last week, making €860,000, just short of €12,000 per acre.
Located 1km off the Thomastown to Dungarvan Road, the property is 3km from Thomastown and 20 minutes' drive from Kilkenny city.
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Kilkenny auctioneer Pat Gannon describes the holding as a piece of prime parkland that hasn't been farmed intensively over the years but is a fundamentally sound piece of ground.
Accessed by the original old estate gateway, the fields are in permanent pasture; the land also includes some fine stands of trees along with a copse of woodland.
The recently renovated gate lodge has accommodation that includes an open-plan kitchen, dining and living area with two substantial bedrooms and a hallway with an opening to an attic stairs leading to a floored attic.
At auction the property was offered as an entire or in lots. The cottage on 0.5ac was guided at €150,000 and the land extending to 71.5ac guided at €650,000.
On the day there was lively interest in the entire and in lots. In a series of rounds the gate lodge opened at €130,000 and was bid to €160,000, while the 71.5ac opened at €500,000 and was bid to €705,000.
The entire also opened at €500,000 and with three bidders showing cause eventually the amount it attracted surpassed what the combined lots were commanding and was put on the market at €870,000 and sold at that to an auctioneer acting for a local landowner.
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