A County Clare dairy farmer has forked out €1.65m for Doonass House, which went under the hammer in an auction last week.
Approximately twenty people attended GVM Auctioneers Limerick City auction rooms on Friday last for the sale of Doonass House, Doonass, Clonlara, Co. Clare, extending to c. 116 St. acre.
The auctioneers described the property as “a truly outstanding roadside farm extending to c. 116 st. acres with remains of a period residence thereon”.
The auctioneers added: “The lands are considered excellent quality, with the majority in permanent pasture laid out in rolling parkland with many mature trees and extensive frontage to the River Shannon. The remaining lands comprise mature woodland.”
“The shell of the main residence, an impressive eighteenth-century Georgian mansion, remains together with a gate lodge by the main entrance.”
“To the rear of the house is a very courtyard of outbuildings in cut limestone.”
The opening bid at €1,000,000.00 was followed up by (11) €50,000.00 bids from 3 on-site bidders to reach €1,550,000.00, at which stage, there was a recess.
On returning after the recess, auctioneer, Richard Ryan, stated that he had received instructions from the vendors. He then declared the property was on the market.
It took four more €25,000.00 bids before his gavel came down at €1,650,000.00 to a Clare-based dairy farmer.
The other bidders are believed to have been a businessman from the area with farming interests and another dairy farmer.
Commenting after the auction, Richard Ryan of GVM Kilmallock, said:
“I am very happy with the price achieved. It shows that land values remained strong throughout the year with great confidence in land with both farmers and investors.”
“A number of disappointed underbidders who are looking for similar type farms.”
The vendors were represented by joint solicitors: John Cooke, solicitor, Hospital, Co. Limerick and William E. Leahy, Leahy Reidy Solicitors, Limerick.