Farm Ireland
Independent.ie

Friday 17 November 2017

Handsome 410ac holding in grassland and forestry meets reserve of €2.15m

Jim O'Brien

Jim O'Brien

There's good movement in the auction rooms at the moment, with bigger holdings selling during or soon after the auctions.

On the Irish market they rarely come bigger than Ginnets Park, near Trim, a 410ac residential farm in grassland and forestry, with substantial equine and livestock facilities.

The property was withdrawn from auction at €2m and sold immediately after for its reserve of €2,150,000.

Located 2km from Summerhill, Co Meath, the farm is in two separate parts and was offered for sale as such, with the house and 260ac in one lot and 150ac of mainly woodland some 1.3km away in a second lot.

There are substantial buildings with the 260ac. The house, a 19th-century construction, was recently used as a temporary home by Meath Co Council. And while it will take some effort to 'domesticate' the building, it is in sound structural condition.

The accommodation includes an entrance hall, library, drawing room, dining room, breakfast room and kitchen. The sleeping accommodation extends to five bedrooms, three of which are en suite.

Adjoining the main house is the steward's lodgings consisting of three bedrooms, a sitting room, bathroom and kitchen.

A gate lodge on the property is in need of complete repair.

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The outbuildings and yard facilities include a tarmacadam yard with stabling for up to 20 horses and a groom's apartment.

Further farm facilities consist of an extensive cattle yard, with haybarns, storage sheds and silage pits.

Of the 260ac, up to 110ac are in grass and set out in fields and paddocks, while 150ac is in woodland that was planted in 1998 and not registered for premiums.

The second part of the property extends to 150ac and is located at Breemont, 1.3km from the main house.

SERVICED

This portion is made up of 44ac of grassland and 106ac of forestry that is serviced by an internal road.

This section has extensive frontage onto the Trim to Summerhill road.

The farm was brought to auction by joint agents Goffs and Murtagh Brothers, Mullingar and on the day it was offered in lots. The house, yards and 260ac made up lot one and the 150ac of grass and woodland makde up lot two.

The auction started quietly with lot one initially attracting no bids until, after much waiting and prompting, a bid of €1m opened proceedings and the lot held.

Lot two, the 150ac at Breemont was then offered. This opened at €300,000 and with two bidders in the chase continued upwards and was held at €510,000.

With €1,510,000 on board, auctioneer Richard Brophy introduced the entire and at that point the real action started.

Two bidders showed active interest in the entire and it was bid to €2m.

Still shy of the guide, it was withdrawn but sold immediately afterwards for the reserve of €2,150,000.

Irish Independent