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Castlefarm Stud

Castlefarm Stud: the County Kildare farm sold for more than its guide price

  PICTURE: Jordan Town & Country Estate Agents  

Castlefarm Stud sold for €3.35m at auction

CASTLEFARM Stud in County Kildare sold for €3.35 million – €335,000 in excess of its guide price – at a public auction on Tuesday.

According to Clive Kavanagh of Jordan Town & Country Estate Agents, over 50 people attended the auction for the 100-acre farm in the village of Narraghmore.

Five people understood to be representing interests from within the bloodstock industry lodged bids, and the winner, whose identity has not been disclosed, is described by Kavanagh as "a young Englishman" who had been renting a smallholding near the Curragh and is now planning to establish his own thoroughbred breeding establishment.

Kavanagh added: "The auction was well attended and, considering the economic climate, we were not expecting to see the property surpass the guide price. It is great news for the vendor."

Sean Burke, who purchased Castlefarm Stud in 2002 when it was a tillage farm and redeveloped the property, is reducing his racing and breeding interests to concentrate on a new IT venture.






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