Callatrim farm could now be auctioned off in two lots as top bid of €230,000 falls short
Published 15/03/2011 | 11:29
A 22ac residential farm at Callatrim, Bandon, Co Cork, was withdrawn from auction at the Munster Arms Hotel Bandon last Thursday when the strongest bid of €230,000 failed to buy the property.
Located 1.25 miles from Bandon on the Cork city side of the town, the holding comprises 22ac of grassland in permanent pasture.
Laid out in one block, the land slopes to a stream that runs along the boundary to the north of the farm.
While the residence is in need of total refurbishment and the outbuildings require similar attention, the land is described as top quality with no waste.
A crowd of more than 50 people turned up to the auction to see Denis Barrett, of Cork selling agents Denis A Barrett, open the bidding at €180,000.
Three interested bidders engaged in battle and the sale continued steadily until matters came to somewhat of a halt when the price on offer reached €230,000, considerably short of the guide of €14,500/ac.
At that point, the auctioneer took a recess and consulted with the highest bidder.