Prime land for stud farming near Kilcullen sells for €1M at lively auction

A plot of land near Kilcullen sold for almost €1 million at auction last week.

The parcel of land, which is 53.2 acres in size, is perfect for stud farming and was sold for an eye-catching sum of €18,800 per acre.

Located in Carnalway, less than 3km from Kilcullen, the land has the advantage of good road frontage and is clear of any structures that may cause concern to buyers. There is a partially built house on the land however, while there was once planning permission for the construction of a polo centre, dwelling and equine facilities, though that permission expired in September 2015.

It was brought to auction by Pat O'Hagan of Savills, and the price of the land soon began to rise after and opening bid of €500,000 was accepted. A number of parties were entangled in a bidding war for the land, but it was eventually sold to one of the original bidders for the princely sum of €1 million.