Farm Ireland

Monday 20 February 2017

A €3m Kilkenny cracker

Published 10/06/2015 | 02:30

Battle: Five bidders fought it out for the 1.77 ac tillage holding outside Gowran
Battle: Five bidders fought it out for the 1.77 ac tillage holding outside Gowran

The capacity of Kilkenny hurlers to break records is well known and this week a farm at Gowran in the marble county made a record price for a larger holding when the 177.7ac tillage farm sold for €3.025m making over €17,000/ac.

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The property was bought by the farming family that has been renting it for a number of years

Located just outside Gowran on the Goresbridge road the farm is 8km from the M9 and 12km from Kilkenny City.

The land is described by John Dawson of selling agents REA Dawson, Tullow as the best of tillage land, without an inch of waste.

Currently under a crop of winter cereal the farm is laid out in well-proportioned, good-sized fields with superb road frontage onto the Goresbridge road and onto the Castlekelly road.

The farm has four different entrances and while eminently suitable for tillage the holding could equally be suited to any type of farming including dairy and equestrian.

There are no buildings on the property. According to Mr Dawson it is an absolute cracker in a beautiful setting with the Blackstairs Mountains as a backdrop.

At auction bidding opened at €1.8m and in the course of the transaction five active bidders took part in the sale.

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The price rose in increments of €100,000, €50,000, €25,000 and finally in bids of €10,000.

At €2.8m Mr Dawson consulted with the vendor and it was agreed to put the property on the market.

Bidding continued and a further €225,000 was added before the hammer fell at €3.025m.

Indo Farming