Farm Ireland
Independent.ie

Thursday 8 December 2016

€15k/ac boom-time parcel up for €8k/ac

Jim O'Brien

Published 22/02/2012 | 06:00

A parcel of 22ac located at Ullard, Portarlington, on the Kildare and Laois border, is a veritable barometer of the fortunes in land prices from the boom years to the present.

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The property was sold in 2005 for €295,000 (€13,500/ac) and again in August 2007 when it made €342,500 (€15,600/ac).

It is on the market for a third time and will be auctioned by Laois auctioneer Matt Dunne next Tuesday with a guide price of €8,000/ac.

Located 2.5 miles from Monasterevin and Portarlington, the farm is just 10 miles from the Curragh.

The land is described by Mr Dunne as top-quality arable land that was only recently put in grass.

It is well fenced with a constant water supply.

According to Mr Dunne, any potential buyer with an interest in the equestrian world will see the potential in this property and recognise its value.

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"The current owners have planning permission for a two-storey residence along with permission for an American barn, which incorporates 14 stables, offices and other facilities," he said.

The land is for sale by public auction at 3pm next Tuesday at the East Hotel, Portarlington.

Jim O'Brien

Indo Farming