€1.7m farm back on market at just €700k
Published 06/09/2011 | 05:00
A 132ac Westmeath farm is back up for sale four years after it sold for €1.7m. However, this time around the asking price is a fraction of its former value.
The land at Lugacaha, Ballymore, close to Mullingar, Co Westmeath, has a guide price in excess of €5,000/ac, equating to a price in the region of €700,000.
The non-residential farm overlooks Lough Sewdy and has extensive road frontage close to the village of Ballymore.
Auctioneer James O'Meara says that 10-20ac of the farm bordering the lake is marginal land, but over 100ac of the farm is good quality land and suitable for fattening cattle.
"This farm has immense potential for any farming enterprise," he maintains.
Located 15km from both Mullingar and Athlone, the farm is laid out in a single block close to Ballymore and 8km from Ballymahon.
There are no farm buildings or single payment entitlements included in the sale.
The farm will go under the hammer at Cooneys Hotel, Blalymahon, Co Longford, on Friday, September 16, at 3pm.