REA Grimes facilitate sale of €7mn Ashbourne farm

REA Grimes were pleased to facilitate the sale of the 241-acre Killegland Farm in Ashbourne, Co Meath for approximately €7m – or almost €30,000 per acre.

The sale also included a six-bedroom house and a two-bedroom mews.

Paul Grimes of REA Grimes represented the purchaser, an Irish investor, in a competitive process that attracted interest from both home and abroad due to its future development potential.

Located to the south of the town, Killegland Farm straddles the M2 Slane to Dublin Road.

While it is farmland, it is considered to have good prospects of being rezoned for residential development with as much as 2km of its borders running alongside existing residential developments.

Adjacent lands have also been included in a local authority draft development plan which will facilitate further residential development.

The R125 also runs adjacent to it and it is accessible from the M50.

Ashbourne is located about 12km from the M50 along the M2/N2 Dublin-Derry road and is the second largest town on Co. Meath with a population of almost 13,000 people as per the 2016 census of population. The town boasts a full range of amenities and has easy ccess to Dublin airport (15 minute drive) and Dublin city about a 30 minute drive.