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Middle East buyer secures Friarstown

Friarstown Stud, a 137ac residential stud farm situated beside the Curragh in Co Kildare, has been sold for an undisclosed price to a buyer believed to be from the Middle East.

It is understood that the new owner wants to develop Friarstown as a stud farm and pre-training operation.

Friarstown Stud comprises 137ac a five-bedroom 4,000ft2 detached residence and a 45-loosebox stable yard with two horse walkers, a lunging ring and direct access to the Curragh Plains.

It was withdrawn unsold from public auction last year at a guide price of €2.5m.

The property is convenient to the Curragh racecourse, and trainers' favourites such as the Flat Rath, Walshe's Hill, and Old Vic Gallops and the schooling grounds.

Auctioneer Paddy Jordan refused to disclose a sale price but said there was a perception internationally that property in Ireland was now good value.

The same agent recently closed another deal to sell off Ballysax Manor, a six-acre residential property. One of the racing lodges on the Curragh, it was secured by an American client in another private sale.

Mr Jordan is also handling the sale of two tillage farms in Kildare in the coming weeks.

The first is a 73ac non-residential farm at Booleigh Little, Fontstown, Co Kildare. Just off the Athy/Kilcullen road near Fontstown Cross, the farm is laid out in four divisions and is currently under a crop of corn not included in the sale.

The property has 200m of road frontage and planning permission for 30 stables, which could boost its appeal to the equestrian sector.

The Booleigh Little farm has a guide price of €9,000/ac and will go under the hammer on Friday, July 1.

The second tillage farm is a 41ac non-residential farm, at Narraghbeg, St John's, close to Castledermot. Currently under winter barley, this farm has an internal farm roadway, with the land laid out on either side. The sale includes annual single farm payment entitlements worth €6,700 to the buyer.

It comes to auction on Wednesday, July 13 with a guide price of €10,000/ac.

Mr Jordan said both tillage farms were attracting interest among local tillage growers.

"Farming is generally going well at the moment and if a farmer sees land coming up near him and he has the dough, he will go for it," he said.

The agent recently closed a deal at a price that was more reminiscent of the Celtic Tiger era. Two businessmen and a farmer went head to head for a 13ac plot close to Ballymore Eustace that was eventually knocked down for €18,500/ac.

Contact Jordan Estate Agents on 045 434122

Indo Farming