One of the finest properties to hit the Irish land market in 2018 was that of Castleshane Stud farm in Croagh, almost 5km from Adare in Co Limerick. Coming to the market in the back end of last year, the farm remains on the market. But progress, and significant progress at that, has been made in the last number of weeks, as renewed interest has been shown in the holding.
One thing you can be sure about, if a property is being handled by agent Andrew Nolan and Goffs Property, it must be of premium quality. This is certainly the case for Castleshane Stud. From the moment you drive through the front gates, through the immaculately kept avenue, past the modern staff accommodation, up to the superb equestrian facilities, you get a sense of the level of investment put into the property over the years.
The exceptional layout of the 74 acres further highlights this. Commenting on the holding, Nolan was quick to compliment the previous owner, the late Patsy Byrne. A Kerry native, the well-renowned greyhound and horse breeder used the facility as the headquarters for his operations. Nolan said the condition and standard the stud farm has been kept in is a credit to Byrne and his vision.
The property
The guide on the farm is €2.1m. This is a reasonable sum when you consider the combined factors. Firstly, the location is very desirable. Land in Adare is hot property, pardon the pun. As demonstrated on page 28, land in the region is making top dollar as competition is strong and businesspeople are active. There are also equine facilities in the region which will help its chances. It is also just 25km from Limerick city and under 50km from Shannon airport.
Secondly, the facilities on the farm are all second to none.
These include a purpose-built American barn incorporating 21 boxes, two foaling boxes, a tack room, a feed room, an office, a veterinary room, a wash bay, stocks, a shower room, two toilets and a large storage area for hay/straw and shavings. There is also machinery shed and an associated storage areas.
In addition, the yard area facilitates a machinery shed, a loading bay for both a horse box and a trailer.
Further facilities includes a two-furlong (412m) gallop with Wexford sand, a two-span haybarn with winter shelter unit and cattle shoot, pen and crush while a six-unit horse walker, a lunging ring, two all-weather paddocks and a fenced yearling prep track completes the faculties.
The 13 paddocks are currently all in grass and are fenced with post and rail fencing. They are accessed by an internal road network and has a water supply. The third factor which influences the price is the residence. There are a number of modern houses on the property, classed as staff accommodation.
These are located in front of the equestrian facilities, circa 50 metres in from the roadway. Both are two storey with the first house a three-bedroom home and the second a two-bed house.
The offering
The property is a turnkey holding. Ready to use, genuine interest has been expressed according to the agent and local reports suggests that the likelihood of a sale is high. Given the condition and level of investment into the holding, the guide of €2.1m may well prove a selling point.
One of the finest properties to hit the Irish land market in 2018 was that of Castleshane Stud farm in Croagh, almost 5km from Adare in Co Limerick. Coming to the market in the back end of last year, the farm remains on the market. But progress, and significant progress at that, has been made in the last number of weeks, as renewed interest has been shown in the holding.
One thing you can be sure about, if a property is being handled by agent Andrew Nolan and Goffs Property, it must be of premium quality. This is certainly the case for Castleshane Stud. From the moment you drive through the front gates, through the immaculately kept avenue, past the modern staff accommodation, up to the superb equestrian facilities, you get a sense of the level of investment put into the property over the years.
The exceptional layout of the 74 acres further highlights this. Commenting on the holding, Nolan was quick to compliment the previous owner, the late Patsy Byrne. A Kerry native, the well-renowned greyhound and horse breeder used the facility as the headquarters for his operations. Nolan said the condition and standard the stud farm has been kept in is a credit to Byrne and his vision.
The property
The guide on the farm is €2.1m. This is a reasonable sum when you consider the combined factors. Firstly, the location is very desirable. Land in Adare is hot property, pardon the pun. As demonstrated on page 28, land in the region is making top dollar as competition is strong and businesspeople are active. There are also equine facilities in the region which will help its chances. It is also just 25km from Limerick city and under 50km from Shannon airport.
Secondly, the facilities on the farm are all second to none.
These include a purpose-built American barn incorporating 21 boxes, two foaling boxes, a tack room, a feed room, an office, a veterinary room, a wash bay, stocks, a shower room, two toilets and a large storage area for hay/straw and shavings. There is also machinery shed and an associated storage areas.
In addition, the yard area facilitates a machinery shed, a loading bay for both a horse box and a trailer.
Further facilities includes a two-furlong (412m) gallop with Wexford sand, a two-span haybarn with winter shelter unit and cattle shoot, pen and crush while a six-unit horse walker, a lunging ring, two all-weather paddocks and a fenced yearling prep track completes the faculties.
The 13 paddocks are currently all in grass and are fenced with post and rail fencing. They are accessed by an internal road network and has a water supply. The third factor which influences the price is the residence. There are a number of modern houses on the property, classed as staff accommodation.
These are located in front of the equestrian facilities, circa 50 metres in from the roadway. Both are two storey with the first house a three-bedroom home and the second a two-bed house.
The offering
The property is a turnkey holding. Ready to use, genuine interest has been expressed according to the agent and local reports suggests that the likelihood of a sale is high. Given the condition and level of investment into the holding, the guide of €2.1m may well prove a selling point.
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