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Friday 9 December 2016

Deal struck after auction for Offaly farm

Jim O'Brien

Published 29/04/2015 | 02:30

A 96ac residential farm at Coolagh, Geashill, on the Offaly/Laois border sold after auction for a price believed to be near the guide of €900,000, although it was withdrawn from auction at €750,000.

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Tullamore auctioneer, John Mollin, of Property Team Mollin Estates, described the land as good quality flat ground laid out in five divisions with good fencing and a permanent water supply.

The holding includes tillage and grazing ground, as well as three acres in active bogland. A stream runs through the land between the tillage ground and the grass, while there is road frontage on to a side road and the main road.

The house is a modern, three-bedroom bungalow built in 2004 and extending to 1,300 sq ft.

The farmyard has a range of useful buildings including two dual-bay hay sheds with lean-tos, a number of small out-houses, a cattle crush and pen and an old disused farmhouse.

On the day the farm was offered in lots, with a 37ac section being bid to €300,000 before it was withdrawn.

A second lot extending to 56ac, along with 3ac of bog, was bid to €450,000 before this too was withdrawn.

After the auction the highest bidder on the second lot entered negotiations with the auctioneer and bought the entire, paying a price believed to be in the region of the guide.

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