Business Farming

Sunday 21 September 2014

Fine Carlow tillage farm sells for €1.87m

Jim O'Brien

Published 31/10/2012 | 06:00

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A 161ac residential farm at Tobinstown near Tullow, Carlow, was sold at auction last week for €1.87m or €11,600/ac.

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Laid out in one block, the holding comes with a traditional four-bedroom farmhouse, a three-bedroom bungalow and an extensive range of buildings.

Located between Tullow, Hacketstown and Rathvilly, the farm is mainly in tillage with a small portion in grass.

Selling agent Matthew Conry of Dawson Auctioneers said the farm was in the heart of good tillage country and has been partly farmed and partly let by the vendor.

The two houses, a four-bedroom two storey traditional farmhouse and a three-bedroom bungalow, are in good condition.

The farmyard is located at the centre of the farm and consists of a four-span hayshed with lean-to, a four-span double shed with a double lean-to and internal silage walls, along with a selection of granite stone outbuildings.

A big crowd showed for the auction last week at the offices of Dawson Auctioneers in Tullow where proceedings opened with a confident bid of €1m.

Five bidders joined the action and bidding proceeded in increments of €50,000 and the price soon reached €1.76m. At this stage, the farm was declared on the market. Bidding proceeded in increments of €25,000 and €10,000 until auctioneer John Dawson brought the hammer down at €1.87m. The farm was bought in trust for a customer from outside the area.

According to Matthew Conry, the vendor was very happy with the result and agreed that €11,600/ac was a fine price for a holding of this size.

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