Farm Ireland
Independent.ie

Sunday 4 December 2016

Auctioneer pleased as slow start ends with lively sale

Published 30/11/2011 | 06:00

Slow to start but great to go might describe last week's sale of a 31ac farm at Oldtown, near Swords, Co Dublin. After an inauspicious beginning, the auction took a number of dramatic twists and turns until the hammer finally fell on two lots after they realised a total of €357,000, or €11,500/ac. The drama of the occasion caused the crowd to burst into applause when it was all over.

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Located 1.5km from Oldtown and 10km from Swords, the land is in old pasture and includes a derelict farmhouse and extensive road frontage. The property was offered in two lots, with the farmhouse on 24.3ac making up lot one and lot two, consisting of 6.6ac, coming with 340m of road frontage.

A crowd of 50-60 people attended the Marriott Hotel in Ashbourne to see Robert Ganly, of Ganly Craigie, seek an opening bid of €150,000 on the 24.3ac lot. Matters moved slowly as two bidders painstakingly brought the price to €240,000, at which point the property was put on the market.

Surprised

Mr Ganly had hoped to get another €5,000 before closing the sale but he was more than pleasantly surprised when seven new bidders joined the fray and, in a hectic conclusion, €120,000 was added to the price before the hammer fell at €360,000.

The successful bidder was a solicitor acting for a man from the area.

Lot two opened at €50,000 and, with three bidders in the chase, it was put on the market at €89,000. As bidding proceeded a further €28,000 was added, bringing the final price to €117,000, at which point the hammer fell and the lot was bought by a local farmer.

Mr Ganly was pleased with the sale and said the round of applause at the close of the auction was an expression of delight by all present at the outcome of what was a lively affair.

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