Farm Ireland

Sunday 17 December 2017

Rathkenny treasure sells for close to €2m

Jim O'Brien

Jim O'Brien

Close to the €2m asking price is understood to have been paid for Rathkenny House on c.252ac at Tullyvin, Co Cavan. The property was sold by private treaty in the last week.

The house and 240ac were bought by an Irish native based in Saudi Arabia. A parcel of 12ac was sold to a local person.

The property has been in the same family since 1645 and this is the first time it has ever been sold, according to Robert Ganly of selling agents, Knight Frank.

Rathkenny comprises a substantial period house on 252ac on the River Annalee. It is believed to have the earliest Jacobean walled garden and tearoom in the country, dating back to 1695.

"This was the biggest farm to come on the market in Cavan in many years and the strength of the market is demonstrated by the number of viewings, totalling 54," said Mr Ganly.

There were three bidders for the house and lands, with the main contenders being the eventual purchaser and a customer based in Northern Ireland.

Meanwhile, at Clerihan, Clonmel in south Tipperary a residential holding extending to 100ac with two dwellings and two farmyards sold at auction for €965,000.

The property was initially offered in a number of lots but the primary interest was in the entire. It was bought by a local farmer for the equivalent of €9,650/ac.

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Auctioneer PF Quirke described the property as a fine grass farm originally set out in two holdings.

One of the houses is in need of complete refurbishment while the other, a three-bedroom bungalow, is in relatively good repair. The two farmyards consist of a range of sheds and livestock accommodation.

Indo Farming