Farm Ireland

Tuesday 24 January 2017

A pint leads to rapid sale for Meath local

Published 09/11/2010 | 05:00

Despite the greatest endeavours of auctioneer Thomas Potterton and his advertisers, news of the imminent sale of a 20ac parcel of land located at Posseckstown, Enfield, Co Meath, had eluded a neighbour until he heard about it in his local pub two nights before the auction.

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Having been alerted, the man turned up at the recent auction and bought the place for €115,000.

The land -- located one mile from the M4 at Enfield, more than eight miles from Trim and 22 miles from Dublin, is laid out in large divisions.

With a natural water supply, the 20ac property includes a farmyard with a haybarn, a cattle chute and pen.

While the holding has limited road frontage, there is sufficient access to provide for the construction of a residence subject to the necessary planning permission.

With three local customers in the frame, Mr Potterton opened the bidding at €80,000. The sale proceeded in bids of €5,000 until the price reached €95,000 when the estate agent consulted with the vendor.

It was agreed to return to the bidding until the price reached €100,000, at which point the holding was put on the market.

Matters then proceeded at a slower pace in bids of €1,000 but, when the offer reached €115,000 thanks to a bid from the man who heard about the auction in the local hostelry, the sale was agreed.

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Irish Independent