A stately Co Longford home, situated on more than 200 acres and which fetched more than €5m on the open market five years ago, is to be re-auctioned for just over €1m.
Longford’s Sister of Mercy Order thought they had offloaded their Ardagh Demense residence in 2007, but the deal fell through.
Five years on, the property has been put back up for sale, this time with a €1.3m asking price attached, reflecting a 75 per cent price drop.
Snapped up by the Sisters of Mercy in 1927, the Demesne was first used as a rural home economics college under the remit of the Department of Agriculture.
It still retains its two eloquently kept meandering entrances, leading up to the site’s impressive looking 16 bedroom property.
There are also four reception rooms with a seperate kitchen, dining room, gym and a spacious home economics room equipped with 14 workstations.
Outside, a string of stableyards can be found, built of limestone in the 19th century and designed by renowned Victorian architect John Rawson Carroll.
The yard was completely restored in 1994, comprising of two traditional coach houses, tack room with loft overhead, 2 stables and loft compartments.
One feature of the property likely to command particular interest is the amount of land the residence comes with. No less than 214 acres can be found within the Demesne’s breathtaking grounds, all of which are in permanent pasture.
Its farmyard includes numerous cubicles, a circular collecting yard, old milking parlour along with a 200,000 gallon circular slurry storage tank. Originally run as a dairy farm, it’s invisaged Ardagh’s €20,000 EU farm payment incentive will provide an extra attraction to would be investors.
The property is being offered for sale by public auction on May 25 2012 at 3pm in the Mullingar Park Hotel. For more details, contact Paddy Jordan or Clive Kavanagh of Jordan Auctioneers 045-433550.