Farm Ireland

Tuesday 24 October 2017

Swift sale for portion of historic Kilkenny estate

Jim O'Brien

Jim O'Brien

An 57ac portion of the ancestral estate of the famous writer and satirist, Dean Jonathan Swift sold at auction last week making €10,000/ac. A 30ac parcel from the same farm was withdrawn at the same auction.

Located at Swiftsheath, Jenkinstown, Co Kilkenny, it is part of the historic Swiftsheath demesne and the parcel comes for auction with a guide price of €10,000/ac.

The most famous resident at Swiftsheath was Dean Jonathan Swift (1667 -1745), who was raised at the Jenkinstown estate by his uncle Godwin and went to school at Kilkenny College.

The property is located on the N77 road, 12km from Kilkenny City and 9km from Ballyraggett.

The 57ac that sold comes with extensive road frontage on to two roads and a traditional farmyard with a three-span hay shed, two lean-to's, a silage pit, cattle crush and feeding troughs, all on concrete.

The land is made up of 26ac of grass, 13ac of forestry and 18ac of tillage.

The forestry is producing an annual premium of approximately €2,300 with circa 17 years remaining.

However, aside from the planted forestry commanding the premium there are many lovely stands of trees including oak, beech and ash.

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At auction bidding for the 57ac lot opened at €400,000 and with three bidders in action the price quickly rose to €570,000 at which stage auctioneer Paddy Jordan consulted with the vendor.

Returning to the auction room Mr Jordan put the property on the market and with no more bids forthcoming the hammer fell at €570,000.

The second lot comprising 30ac of ground was next for auction.

Located almost directly opposite the first lot with good road frontage and plenty of access.

The parcel is currently in grass with a 7ac section planted in conifers bringing in an annual premium of approximately €1,200, with about 17 years remaining.

This parcel was withdrawn without being sold.

Dublin land auction

Meanwhile, in Dublin a fine price of €945,000 or €16,350/ac was paid at auction for 58ac of tillage land near Ballyboughal.

Located at Gracedieu, Roscall Cross, Ballyboughal the farm is currently under a tillage crop that is due to be harvested prior to closing.

The land is described as the best of arable ground with a good farmyard and road frontage on to two roads adjacent to Roscall Cross.

According to Hugh Cumisky of REA Cumisky there was great interest in the property and at auction it opened at an unpromising €300,000.

With two main bidders in action the price rose steadily until it was put on the market at €800,000.

Bidding continued until the hammer fell at €945,000 and the place was bought by a man believed to be a local dairy and beef farmer.

Commenting afterwards, Mr Cumisky said he believes that the result gives an indication of what land is worth in that area.

"A few months ago we sold a similar sized farm less than a kilometre away and it made about €14,500/ac, so we're in that ballpark," he said.

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