Meath farm with state-of-the-art finishing sheds sells for a huge price
Hectic bidding for grass and tillage holding which went for over €15,000/ac
A 157ac non-residential farm at Berrillstown near Dunshaughlin in Meath sold under the hammer last week, making €2.4m or €15,286/ac, exceeding its guide by €400,000.
Currently in a mixture of grass and tillage, with 34ac in spring barley, 28ac in winter barley and 87ac of grass, the remainder is covered by the internal roadway and yard space. The farm has an array of high-quality sheds, a stone and gravel roadway and high-grade fencing in a combination of post and rail with V-mesh wire and hedgerow.
There is 560m of road frontage on to the R147, the old N3, and the farm backs on to the M3 motorway with access from a service road.
The substantial facilities include a double-round roof, six-column shed with lean-tos at either side covering almost 12,000sqft. These are currently used mainly for fodder and machinery storage.
To the rear of these sheds is a 12,000sqft finishing and feeding unit divided into 18 slatted pens on gang slats, with a central passage set over slurry tanks fitted with a central agitation point.
On the day, there were four serious contenders for the property when Raymond Potterton opened the auction at €1.5m. Bidding took off in increments of €100,000 and went all the way to €2m at that pace. Matters slowed somewhat and the bidding calmed to bids of €50,000.
At €2.3m, the place was put on the market and after four bids of €25,000, the hammer fell in favour of a businessman with farming interests from the midlands.
According to Stephen Barry of Raymond Potterton auctioneers, there was intense interest in the property prior to auction and a full auction room on the day.