Jordan Auctioneers,
Newbridge successfully sold Riverstown House just outside Kildangan on Friday
last by Public Auction. Before a good attendance at the Keadeen Hotel the
property was offered for sale in 2 lots.
Lot 1 comprised
the Period Residence and yard on c.28.5 acres which opened with an initial bid
of €220,000 with offers increasing in increments of €10,000 up to €380,000 with
4 active bidders. The property was placed on the market at this point with two
purchasers fighting it out up to €410,000 at which stage this lot was sold to a
Solicitor acting in trust for a client.
The residence dates to
c.1750 – 1800 and extends to approximately 451 sq.m (4,854 sq.ft). Adjacent to
the residence is a farmyard with a number of agricultural sheds, walled garden
and stone outbuildings. The land is all in permanent pasture, laid out in four
divisions with an abundance of mature timber providing good shelter and extensive
frontage onto the River Barrow.
Lot 2 is
located directly across the road from the above and extended to c. 18.5 acres.
This property opened with an initial offer of €150,000 with 2 bidders right up
to €242,000 at which stage the lands was sold to a local farmer.
The land is laid out
in 5 divisions, all in permanent pasture with extensive road frontage and good
shelter.
Prior to the Auction
Jordans had been guiding €530,000 for the 2 combined lots so the figure of
€652,000 represented a very good result. Speaking after the Auction Clive
Kavanagh of the selling agents reported that ‘the house, although in need of complete restoration had generated
considerable interest with in excess of 20 viewers and that the vendors were
delighted with the result and wished the new purchasers every success’.
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