Business Farming

Monday 22 September 2014

Carlow land sells for over €14,000/ac

Jim O'Brien

Published 05/12/2012 | 06:00

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Carlow tillage ground continues to make good money among a local customer base.

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This was seen again when a holding extending to 38ac at Bagenalstown sold in lots last week and made a total of €522,000 or just over €14,000/ac.

Indeed, the per acre price of one of the lots was just shy of €19,000/ac. The bidders and buyers were all local.

Located a mile from Bagenalstown on the Carlow/Kilkenny road, the property was described by Tullow auctioneer John Dawson as the best of tillage ground.

It enjoys extensive road frontage on to two roads, with ideal access. Aside from one small wet portion the rest of the ground is dry and fertile.

While a packed house showed up for the sale, bidding on the entire was slow and with €455,000 on board Mr Dawson turned his attention to the lots where the real action started.

Lot 1, a 22ac parcel of mainly good land, opened at €150,000. With three bidders in the chase it went on the market at €230,000 and sold to a local man for €263,000 or just under €12,000/ac.

Lot 2, a 4.93ac piece, opened at €50,000 and attracted three bidders.

It went on the market at €75,000 and sold to a local for €86,000 or almost €17,500/ac.

Lot 3 proved to be the most expensive piece of ground sold on the day.

The 5.16ac parcel opened at €50,000 and, with three bidders showing keen interest, sold for €92,000 or €17,829/ac.

Lot 4, a 5ac section, opened and went on the market at €45,000 but bidding continued apace until it was bought for €81,000 or €16,135/ac by the same local farmer who also purchased Lot 1.

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