End of season flurry of sales across Leinster
Published 04/11/2015 | 02:30
The auction rooms are busy as we move into what is rather sadly called 'the back end of the year.' Good prices are being achieved and there seems to be a slight rise in the overall per acre average being paid for farmland.
A 125ac non-residential farm at Rathsallagh and Oldcourt between Dunlavin and Grangecon surpassed its guide price of €850,000 and recently made €930,000 under the hammer of Newbridge auctioneer Paddy Jordan.
Located adjacent to Rathsallagh Hotel the farm is laid out in one block and is in a mixture of tillage and grass with fine stands of trees and a plantation shelterbelt. The ground is comprised of self-draining gravelly soil on mainly elevated ground and the entire farm is serviced by a hardcore roadway.
At auction the property opened at €650,000 and with three strong bidders in the frame the place went on the market at €850,000 and sold for €930,000 or just under €7,500/ac. The buyer was a solicitor believed to be acting for an overseas buyer with local connections.
A 107ac residential farm near Athboy sold as an entire at auction for €730,000, over €6,800/ac.
The farm is located at Grennanstown 4.7km from Athboy and 17km from Kells. The sale included a four bedroom bungalow in need of refurbishment and an extensive range of farm buildings.
The land is a tale of two halves with 53ac in relatively good heart but in need of reseeding while a 52ac parcel, according to selling agents Robert Nixon, needs "the attentions of a digger."