Farm Ireland
Independent.ie

Wednesday 28 June 2017

Ballyrickard 191ac sells after auction in excess of €1.3m

Jim O'Brien

Jim O'Brien

A 191ac farm with an old residence at Ballyrickard on the Tipperary/Offaly border was sold after auction last Thursday for a figure in excess of €1.3m, or almost €7,000/ac.

Located between Roscrea and Coolderry, the holding is in one block and laid out in five large divisions. It is described as fine fertile ground that could benefit from some attention but suitable to any farming enterprise.

The property has beautiful mature trees dotted throughout, with groves of woodland at either end of the land.

The farm includes a large, distinctive two-storey farmhouse of Victorian vintage in need of total refurbishment, while the farmyard is of the traditional style, comprising a range of old cut-stone sheds.

A crowd of more than 100 people turned up for the executor sale at the County Arms Hotel, Birr.

Auctioneer Michael Harty, of Central Auctions, said that the deceased owner, Mr Jack O'Meara, was a well-known and well-liked character in the area and many locals came along for the event.

Four bidders got involved when proceedings kicked off with an opening bid of €800,000. In bids of €10,000 and €20,000, the bidding was brisk and, after two recesses, it was finally called to a halt when the property was withdrawn at €1.3m.

Area

Negotiations were entered into immediately and the farm was bought by the highest bidder soon after the auction for a sum in excess of the final bid. It is understood the new owner came from outside the area.

Mr Harty was happy with the auction, saying it came close to the guide price of €1.5m.

"This was one of the biggest farm sales in this area for some time and there was great interest," he said.

"I think the price reflects the market and is in line with what was paid recently for similar sized holdings."

Jim O'Brien

Indo Farming



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