Jordan Auctioneers, Newbridge had a great Auction in the Keadeen Hotel
on Tuesday last for the sale of Newpark House, The Curragh on circa 180 acres. Before
a packed Auction room of 60 people it was obvious from the outset that this was
going to a lively affair. Paddy Jordan opened the bidding at €1.5m and with
over 6 parties offering the price quickly rose to €3m at which point a quick
recess and consultation with the vendor took place.
Mr Jordan arrived back into the room and declared the property on the
market and at this stage 3 serious bidder competed before the hammer dropped at
€3,200,000 equating to an overall price per acre of €17.7k.
The purchaser was a Solicitor acting in trust for an undisclosed
client. According to Mr. Jordan ‘Newpark House was one of the best farms he had offered for sale
combining an excellent location with a superb quality holding’.
The land comprised a total of 180 acres all in one large block and
mostly in tillage with extensive road frontage and several access points. It was described as suitable for any number
of uses. The period house extended to c.5,705 sq.ft and although in need of
some modernisation was described by the selling agents as ‘in generally good condition
throughout’.
The yard comprised several old sheds and there was also a Gate Lodge
and additional staff house which were in good condition and presently occupied.
Jordan’s had been quoting €2.5m for the entire prior to the Auction and
afterwards said ‘the sale had gone very well with strong interest from the outset and
steady viewings. Brexit might hang over the market, but the fact remains that
premium properties will always be in demand’.
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