The historic Ardagh Demesne which was sold by public auction last Friday, was purchased by a local family for €1.36m, the Longford Leader has learned.
The auction which was held at the Park Hotel, Mullingar held a revised guide price of €1.3m, a reduction of 75 percent on the initial asking price in 2007. The family that purchased the property is a very well respected business family from the county and it is their intention to reside at the property and to farm the 214 acres of prime agricultural land.
Speaking on Monday, Clive Kavanagh, Jordan Auctioneers & Chartered Surveyors said that the Ardagh Demesne was a magnificent property that was steeped in history. “It boasts extensive buildings, courtyard and additional yards on 214 acres of land all in one block and the farm would be ideally suited to a dairy or dry stock farmer,” he added. “It was a sizeable block of land being offered and holds tremendous future potential. We sold for €1.36m, down from €5.25m the origional price back in 2007. Approximately 30 people attended the auction and there were three bidders. It opened at €1m and was knocked down at €1.36m.”
The original building at the Ardagh Demesne includes four reception rooms and a chapel/ballroom. On the first and second floors there are 16 bedrooms and an extension to the property includes a separate kitchen, diningroom, a home economics room which has 14 workstations, a gymnasium and an additional dormitory comprising 16 bedrooms.
The stableyards were built of limestone in the 19th century and designed by John Rawson Carroll who also designed the picturesque village of Ardagh. The courtyard comprises two traditional coach houses, a tack room with loft overhead as well as two stables and lofts. The entrance boasts a clock tower while a number of buildings were utilised as classrooms.
The land at the Demesne comprises c.214 acres all in permanent pasture with an internal road system. There is superb shelter and mature trees with piped water to various divisions and the land boasts extensive road frontage, which according to Mr Kavanagh was “ideally suitable for dairying or dry stock”.