Highly elegant and beautiful, both Loughtown stud in Kildare and Ballinteskin stud in Wicklow had plenty of interest before their respective auctions. Ballinteskin stud sold for €2.53m, while it is believed that Loughtown sold for circa €3.3m after being withdrawn from auction at €3m.

Loughtown sells after withdrawal

Loughstown stud proved the trickier of the two sales last week. The property, located approximately 12km from Maynooth on the Maynooth to Donadea road and in the heart of Kildare stud country, was offered in three lots, including the entire.

Lot one comprises the residence, the yard area and circa 80 acres. Lot two consists of a yard area and circa 91 acres. Bidding for the first parcel was dominated by two interested bidders and reached €1.85m. Lot two was also pursued by two interested bidders, with bidding reaching €1.05m.

Finally, the third lot or the entire was bid to €3m by one interested party before Coonan withdrew the property from auction. Private negotiations ensued and a deal was struck for what is believed to be in the region of €3.3m to the same interested party.

Loughtown stud was bought in trust by solicitor James Cahill of Thomas Montgomery and Company, Co Dublin, for someone assumed to be in the bloodstock industry.

The auction was well attended, with around 25 people interested in proceedings.

Developer buys Ballinteskin

Billionaire developer Luke Comer successfully bought Ballinteskin stud farm in Wicklow for €21,500/acre. Located in Enniskerry, Co Wicklow, the spectacular Ballinteskin stud made €2.53m at auction, just over its guide price of €2.5m.

The picturesque stud farm on 118 acres was offered and sold in one lot as the entire. Four interested bidders saw proceedings open at €1.5m and it did not take long for that figure to rise. Brisk bidding ensued until a pause for consultation was called by Willie Coonan at €2.35m. The property was put on the market at €2.53m and subsequently sold to Comer. Bidding was said to competitive as all four interested parties stuck in until near the end of proceedings. Ballinteskin, which has been a stud farm for 40 years, was sold by developer John Flynn. It was placed on the market in 2008 for €14m but did not sell.

The stud itself, along with the stunning 5,000sq ft, six-bed Georgian-style home is modern and ready to use. The auctions of both Loughtown and Ballinteskin were held on 24 October and 25 October respectively.