Prime holding has €3m price guide
And that’s why, despite the downturn, auctioneer Christy Buckley is guide pricing at €20,000 per acre for Castle Farm, putting a total asking price of €3 million for the substantial Bride valley holding. It’s ironic that this farm is back on the market as rumours abound of Dunnes Stores being gobbled up by bigger retail chains.
It was originally sold by the Barry brothers of Carrigmore Meats because of the pressure of supermarket buying policies on their business. Now supermarkets in turn are feeling the pressure of stronger foreign competition.
Castle Farm is being sold by its businessman owner, a man with a number of other interests, and the property comes on the market in more or less the same condition as when it was sold in 2002.
However, it’s now partly given over to tillage, according to Christy Buckley, with the remainder in the lush pasture for which the area is renowned.
Good for beef rearing and fattening, the land is also suitable for horses, says Buckley, who points out that there are a number of well known studs in the locality, including Rathbarry. Castle Farm is all in one block and has slatted sheds and houses for a 226 cattle, and sheep wintering facilities.
The extensive and modern farmyard has a number of slatted units, cubicle houses, enclosed sheds and a large silage pit that Christy Buckley says could be converted to an horse swimming pool.
