Farm Ireland
Independent.ie

Friday 2 December 2016

33ac Co Meath farm hits mark at €10/ac

Jim O'Brien

Published 12/12/2012 | 06:00

A 33ac farm at Lismullen, Garlow Gross, near Navan sold in lots under the hammer for a total of €328,000 recently.

  • Go To

The sale price was equivalent to almost €10,000/ac, with one of the lots making €12,000/ac.

Also in Co Meath, a 7ac parcel in two fields at Baskinagh, Athboy sold at auction for €74,000 or more than €10,500/ac.

Meanwhile, a 20ac holding between Athboy and Navan sold for €130,000 or €6,500/ac.

The 33ac at Lismullen attracted a big crowd. Located beside Lismullen school and four miles from Navan, the ground is sown to winter wheat and described by auctioneer Raymond Potterton as the best of tillage land.

The holding was offered in three lots consisting of a parcel of 25ac, a 5ac portion within the village speed limits and a 3ac piece adjacent to the school.

business

The farm was offered as an entire and in various lots during the auction, but when it came to serious business there was interest only in the individual lots.

Also Read


The 25ac block attracted two bidders when it opened at €200,000 and was initially bid to €225,000.

However, it eventually sold under the hammer for €328,000 to a local businessman who is expanding his farming interests.

The same bidder paid €30,000 for the 3ac plot.

There were three bidders in contention for the 5ac section when it opened at €40,000. It was put on the market at €60,000 and sold at this price to a local man who bought it for his children's ponies.

Ronan McKenna, of Raymond Potterton Auctioneers, described the transaction as a great sale and a fine result.

The 7ac property at Baskinagh, Athboy, was brought to auction by TE Potterton, who described it as a lovely piece of land that drew much local interest.

It attracted three customers when bidding opened at €40,000.

reached

The property soon reached €60,000, at which point the auctioneer conferred with the clients and when bidding resumed the price rose to €74,000.

It was put on the market at that stage and, with no further bids forthcoming, sold to a farmer.

Also sold at auction at the Property Exchange, Trim was a 20ac farm at Bohermeen, Balruntagh, near Athboy, Co Meath.

There were two bidders when the property opened at €110,000, and, in relatively small jumps, it climbed to €130,000.

Mr Potterton consulted with the vendors and decided to put the farm on the market.

No further bids were made so the property was sold to the highest bidder, a professional man with hobby farm interests.

Indo Farming



Top Stories