Business Farming

Thursday 18 September 2014

€8,500/ac paid in Co Kildare for quality grazing grounds

Jim O'Brien

Published 07/11/2012 | 06:00

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Close to €8,500/ac was paid for a 13ac non-residential holding at Nurney, Co Kildare.

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The holding was sold after auction.

The land is located on the edge of Nurney village, around nine miles from Newbridge.

Currently in grass, the lands are described as being of good grazing quality ground, laid out in one block and two divisions.

A reasonable attendance turned out for the auction with three bidders joining the fray when Willie Coonan of Coonan's REA Maynooth opened proceedings with a bid of €50,000.

withdrawn

Bidding continued until the property was withdrawn at €90,000.

Following discussions with the highest bidder, a sale was concluded at a figure in the order of €110,000 or almost €8,500/ac and some €15,000 stronger than the guide.

Meanwhile, a 20ac non-residential parcel of land located at 0.5 miles from Moone and six miles from Athy, Co Kildare, sold at auction for €220,000 or €11,000/ac.

Set out in one division, the land was described by Castledermot auctioneer, Michael Lyng, as top quality farmland.

A crowd of 20-25 people turned up for the auction and proceedings opened with a €150,000 bid.

Three bidders battled it out for the holding and pushed the price quickly to €180,000.

The holding was put on the market at €200,000 and the holding was finally bought by a local farmer for €220,000.

Offaly

30ac of tillage land at Bracknagh, Rathangan, Co Offaly was withdrawn from auction last week.

Described by Ronan O'Connor of Colm McEvoy auctioneers as good quality lands laid out in three divisions, the property attracted three bidders when it opened at €100,000.

Two farmers and a solicitor showed interest but when the amount on offer stuck at €166,000 the property was withdrawn and negotiations with the highest bidder are believed to be at an advanced stage.

Indo Farming

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