Farm fails to sell for auction bid of Â¤250k
Published 16/11/2011 | 06:00
A 56ac farm of tillage and grazing land located at Fennor, Slane, Co Meath, was withdrawn from auction last week after one bid of €250,000.
Located a mile south of Slane off the N2, the land has 412m of road frontage and is laid out in nine divisions, with some in tillage and others in permanent pasture.
Tommy Clarke, of Ardee auctioneers Kieran and Magee, said that since the lands were withdrawn, the sale is under active negotiation, with a "substantially higher" offer on the table.
Elsewhere, there were three bidders for a 31.5ac farm with a derelict residence at Mulliganstown, Delvin, Co Westmeath. However, the property was withdrawn from auction at €162,000, somewhat short of its €180,000 guide.
The property includes a derelict residence and is located 14 miles from Mullingar and 2.5 miles from Delvin.
It was described as good grazing ground by auctioneer Thomas Potterton.
He opened the bidding at €100,000 and it went up in small increments to €140,000.
Two bidders, a local farmer and a customer from Mullingar, continued to bid until the property was withdrawn at €162,000. Active negotiations are ongoing with the highest bidder and other interested parties.