Compact Offaly farm sells for €16,000 an acre
Published 20/07/2016 | 02:30
Midlands auctioneer, Matt Dunne recently sold a compact 26.5ac farm at Lackamore, Killeigh, Tullamore, Co Offaly for €420,000 making a very respectable €16,000/ac.
The farm was initially offered for sale in three lots with the first a 9.82ac piece of good elevated agricultural land bid up to €190,000 or €19,000/ac.
The second lot of 13.88ac, was bid to €160,000 or €11,500/ac while a derelict house on 2.76ac was bid to €66,000. The total on offer for the three individual lots came to €416,000.
When Matt Dunne put the entire 26.5ac to the floor two bidders showed immediate interest and an adjoining farmer eventually won the day when he paid €420,000 or €16,000/ac for the holding.
On the same day a 48ac farm at Ard, Geashill, Tullamore, Co Offaly was withdrawn before the auction by the vendors due to a title problem. The land is for sale by private treaty.
Cavan farm withdrawn
A 112ac residential farm near Bailieborough in Co Cavan was withdrawn from auction last week after being bid to €675,000.
Located at Togher and Carrickgorman about 5km from Bailieborough the lands are spread out over undulating drumlin countryside typical of border territory. The dwelling is a two storey house of 1,722sqft built in the early 1970's that has been unoccupied for a few years.