Strong prices for Leinster holdings (up to €13,000ac paid for good arable land)
Published 12/11/2016 | 06:00
A strong price of €13,000/ac was paid for 21ac Laois tillage ground at an auction of a farm located at Ballinlough, Stradbally. Local auctioneer Matt Dunne described the land as "Just honest to God good arable land with no gimmicks."
Located in a rich vein of ground close to the Rock of Dunamaise, the land has extensive road frontage and could have residential potential if the proposal can fulfil the local needs requirement.
A fine crowd showed up for the auction which opened with a decent bid of €180,000 or €8,500/ac.
The price on offer quickly rose to €210,000 at which point the property was out on the market.
Bidding continued apace and within minutes the holding was sold to an adjoining farmer for €267,500 or €13,000/ac.
According to Mr Dunne the vendor was delighted with the result and the purchaser equally delighted to have the opportunity to increase his current holding. Three disappointed under bidders are still in the search for land in the area in parcels from 10ac to 100ac.
Further north in Co Meath Thomas Potterton had a good day out when he sold two properties under the hammer. The first to be sold was a 16.5ac parcel of ground at Dangan, Summerhill in Co Meath that sold for €85,000 or €6,800/ac.