Farm Ireland
Independent.ie

Wednesday 20 September 2017

Three local farmers club together to buy top class Galway farm

Farm for auction at Cooloo, Moylough, Co Galway
Farm for auction at Cooloo, Moylough, Co Galway
Jim O'Brien

Jim O'Brien

A 120ac residential farm at Moylough in Co Galway was bought in its entirety by three local farmers who clubbed together to bid as one.

Murtagh Brothers auctioneers, Mullingar, brought the hammer down at €1.305m or €10,875/ac

Auctioneer Dillon Murtagh was delighted with the sale and said he hadn’t expected it to go that way. “You never can tell,” he said. “I hadn’t expected that price but the land is worth it. Given it is divided by a busy main road I had expected the lots would be more attractive on the day.”

The 120ac are located on the Tuam side of Moylough at either side of  the N63. The house is a typical rural bungalow with four bedrooms.

The extensive array of facilities making up the yard includes a five-column round roofed shed with lean-tos that are slatted with feed passages. There is also an A-roof three-column slatted shed while the yard is also home to a two-storey stone grain store.

The land is comprised of great ground rising to a height behind the house. It is well fenced with electric fences, hedgerow and lovely stone walls typical of this part of the world. The land is dry and firm but there is some evidence of poaching in lower parts.

On the day a huge crowd turned up for the auction and after the lots attracted no interest the entire opened at €840,000 with four bidders. They were the three local farmers bidding as one, two local farmers bidding separately and a man believed to be from Dublin.

The place went on the market at €1.05m and with all bidders still active the hammer fell at €1.305m. The conclusion saw a round of applause erupt in the auction room with the majority obviously delighted that the place remained in local hands.

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