Farm sold for €11k/ac
Published 01/11/2011 | 05:00
A 209ac residential farm, four miles from Newbridge and Naas, Co Kildare, and divided by the M7 motorway, sold in three lots at auction last Thursday for a total of €2,375,000, or €11,363/ac.
A 120ac section of the holding, which came a single-storey farmhouse in need of repair and extensive farm buildings, sold to a local farmer for €1.72m, or about €14,500/ac.
A 58.8ac section of wetter land was bought by the same farmer for €410,000, or almost €7,000/ac.
The remaining 31.4ac on the opposite side of the motorway to the main farm was bought by a non-farmer for €245,000.