Quality Landbank Fetches a King’s Ransom in the Royal County

SOLD: Killegland Farm, Ashbourne, Co. Meath, Residence on Approx. 241 Acres (c. 97.5 Ha)

Quality Landbank Fetches a King’s Ransom in the Royal County

Coonan Property recently executed the sale of a valuable landbank on the outskirts of Ashbourne by Private Treaty, for a sum in the region of the guide price of €30,000 per acre, in what was considered a very favourable deal for all parties.  This high-profile sale showcases the confidence in the Irish property market currently.  Well located parcels of land are always sought after and it doesn’t get much better than this segment of ‘Beautiful Meath’.  

Killegland Farm consists of a six-bedroom residence, outbuildings, and mews, on c. 241 acres of prime, free draining land. The land has been successfully farmed over the last number of years. The property is in a superb location just south of the booming town of Ashbourne with every amenity and service needed on the doorstep. The M2 and R125 run adjacent to it and the plot is merely 12km from the M50. Furthermore, given its close proximity adjacent to the development boundary of Ashbourne, it would appear to have huge future development prospects.

The property was purchased on behalf of an Irish investor represented by Paul Grimes of REA Grimes.

Philip Byrne commented after the sale that “ there was huge interest in this property from the start from both Irish and International investors due to its obvious future development potential.  The buyer was successful in a “best bids” process earlier in the year and we wish them the best of luck with the purchase.”.

For further information please contact Philip Byrne of Coonan Property on 01 – 6286128 or philipb@coonan.com