Collinstown farm tops million mark
Published 01/06/2010 | 05:00
It is a rare occasion these days when a property surpasses its guide price at public auction but a farm of 136.5ac at Collinstown, Carbury, Co Kildare, did just that last Thursday.
The tillage farm made €1.12m at auction, or a little over €8,200/ac, with the bulk of the interest coming from the farming sector.
The holding comprised 85ac of top quality tillage land, 50ac of which was described as heavier ground. The entire farm is ploughed and sown with spring cereals.
Buildings on the property included an old farmhouse, which was not lived in for 10 years, along with a three-bay haybarn and some very old sheds.
The sale was handled jointly by Robert Ganly of Dublin estate agents Knight Frank and Luke Dempsey of Des Dempsey and Sons Auctioneers.
The farm had an original guide price of €875,000 but this exceeded within minutes of Mr Ganly opening the bidding at €600,000.
As the auction progressed, five bidders emerged from the crowd attending the auction. The property went on the market at €950,000 but bids kept coming until the gavel came down at €1.12m.
"The vendor, Ms Dorothee Hilby-Durst, was obviously delighted, the buyer was happy and the joint agents were very pleased," Mr Ganly commented after the auction.