Farm Ireland

Thursday 8 December 2016

Farmer beats four bidders to 16ac

Published 03/05/2011 | 05:00

A local farmer saw off four other bidders to secure a 16ac non-residential parcel of land at Longford, Templemore, Co Tipperary.

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The property is located four miles from Templemore and within striking distance of the new M7 motorway. The land was sold for €158,000, or close to €9,875/ac. There were five bidders in the race when the auction opened and four were still active when the land was put on the market at €148,000. It then became a two-horse race between a pair of local farmers.

The sale price is at the top end of what is available for agricultural land at the moment, with most sale prices varying between €8,000 and €10,000/ac.

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