Farm Ireland

Tuesday 23 January 2018

Newberry sale is a sign of improvement

Jim O'Brien

Jim O'Brien

A 39ac block of land which was part of the Newberry Estate close to Kilcullen in Co Kildare sold at auction last week for €650,000.

Located 4km from Kilcullen and 12km from Naas, the land comes with extensive road frontage and river frontage and is bounded by part of the dry, stone wall that surrounded the original Newberry.

Laid out in three fields fenced with stud railings and in permanent pasture, the lands run down to the River Liffey.

Described as the best of limestone ground, the fields are dotted with lovely mature trees.

A crowd of 30 people at the auction saw auctioneer Willie Coonan, of REA Coonan's Maynooth, accept an opening bid of €400,000 and with five bidders in the chase the price quickly climbed to €610,000.

After consultation with the vendors, the property was put on the market and bidding continued until it reached €650,000, when it was knocked down to a Dundalk-based solicitor acting in trust.

After the auction Mr Coonan said the end-of-season sale was part of a trend of improving land prices and proof that land was now seen as a very valuable item both for farming and investment purposes.

Arising from the enquiries for this property, Mr Coonan has a number of clients with cash who are interested in buying 30-70ac in Co Kildare.

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Irish Independent