90ac residential farm sold by private treaty for 'close to €500,000'
A 90ac residential farm on the outskirts of the north Cork village of Dromina sold by private treaty in the last weeks of 2012.
The house, land and yard were brought to auction last May and withdrawn by GVM Kilmallock.
While the auctioneer remains tightlipped about the final sale price, reliable local sources indicate the property was sold for close to €500,000 to a customer from outside the area.
The original guide for the sale was €6,000/ac, while the price achieved was just over €5,500/ac
Located on the edge of Dromina village, the farm is five miles from Charleville in the direction of Liscarroll on the Cork/Limerick border.
One third of the land is described by Richard Ryan of GVM as comprising good ground, with the remainder heavier land more suited to summer grazing.
The holding is in one block and divided into a number of easily managed fields that are well fenced and watered.