Confirmation awaited on 94-acre Egmont House property sale

THE word in property circles is that the 94-acre Egmont House property at Churchtown, Co Cork is sold, but that has yet to be confirmed by its selling agent, John Paul Sheehan of Lisney.

Owned by the Sherlock family for generations, the property hit the market in February of this year with a guide price of €1.25 million.

This included the period Egmont House and a modern dairy unit, along with 94 acres of prime grazing land.

The announcement was followed shortly afterwards by the proposed sale of two other farms in close proximity and the sale of one of those, a 104-acre farm at Ballinguile, Churchtown was completed by midsummer through auctioneer, Liam Mullins, for close to €900,000.

Derry Walsh of Sherry FitzGerald Walsh is also believed to have found a buyer for a 44-acre equestrian property at Coolmore, Churchtown, but like most things at the moment, that’s taking a while to go sale agreed. It came on the market in March with a guide price of €650,000.

The area is renowned for its grazing qualities, and while the Egmont property has been under negotiation for a while, it has been bid up from an interim offer of €950,000 to a rumoured sale price of between €1.05 to €1.1m. However, all John Paul Sheehan will say is that the property is sale agreed and it’s likely that contracts may yet have to be exchanged.

The rumoured sale price, if correct, reflects a per acre sale price as high as €11,700.

An efficient, modern dairy unit, the Egmont property is in one block and has level, dry grazing, most of which is laid out in large divisions.

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