Ardagh College sold for E1.36million

The college was originally sold for E5.2 million in October 2007. The property consists of 214 acres of land suitable for farming and the original college buildings. The reduction in price reflects the overall decline in property prices throughout the county but it is somewhat surprising that agricultural land hasn't held up better given the strength of the farming sector and the sharp increase in farm incomes. More details from the Irish Independent.