Farm Ireland

Monday 23 April 2018

Wicklow golf course sells for €1.5 million

Rathsallagh Golf Club
Rathsallagh Golf Club
Jim O'Brien

Jim O'Brien

A golf investor scuppered farmers' interest in securing the 274ac Rathsallagh Golf Club after a private tender sale. The new owner is believed to have paid in excess of €1.5m for the property and intends to reopen it for golfing.

Located next to the renowned Rathsallagh House near Dunlavin, Co Wicklow the club and its lands are 3km south of Dunlavin village and 15km from Naas.

Designed by Christy O'Connor Jnr and Peter McEvoy the course was officially opened in 1995 by the legendary Australian golfer Peter Thompson and became one of the top courses in Ireland and the UK.

The property includes several natural and man-made features along with a substantial modern golf clubhouse of around 1,050sqm.

The adjoining Rathsallagh House Hotel is accessed by various rights of way over the property.

While there was considerable agricultural interest in the lands from across the sectors, the golf investor won the day. Farmers looking at the property undoubtedly factored in the cost of turning the golf course back into farmland, a process that can be expensive.

The O'Flynn family, who have been running the neighbouring Rathsallagh Country House for the past 30 years, are delighted with the sale.

"We are really looking forward to working with the new owners of the golf club.

Also Read

"It is hugely complementary to our own business and is an integral part to the local economy, social life and tourism infrastructure here in West Wicklow," Joe O'Flynn said.

Paddy Jordan and Ross Shorten of Lisney negotiated the sale and while the price paid was not disclosed it is known to have exceeded €1.5m.

The new owner lives in the county and expects to reopen the course next year.

Dundalk land sale

In another sale that has been bubbling away over the last few months is a 45ac farm at Mount Matthews, Carracloghan, Hackballscross.

It is believed to have sold for a figure in the region of its guide of €10,000/ac.

Auctioneer Raymond Fee of Fee and Associates had set a mid-summer date as the closing time for receipt of offers and negotiations for the property concluded in the last two weeks with a local farmer winning the day.

The farm, located off the main Dundalk to Castleblayney road, is laid out all in one block and comes with 5ac of commonage.

The land has no road frontage of its own but is accessed from a laneway via two separate entrances.

Set in five sizeable divisions the holding is in permanent pasture and comes with a farmyard that includes a haybarn, cattle handling facilities and a derelict dwelling.

According to Raymond Fee the farm comprises some of the best quality land in Co Louth.

"The price achieved represented very good money given that the land does not benefit from any road frontage," he said on closing the sale.

Both the vendor and purchaser were described as more than happy with the outcome.

The volume of enquiries received prior to the sale would indicate a very good demand for farmland in the general area, according to Mr Fee.

Indo Farming