Galway buyers show farming back to best
Published 16/11/2011 | 06:00
When local farmers packed an auction room at the Oranmore Lodge Hotel, Co Galway, recently, they were not shy about competing for 64.55ac of land at Bushfield and Moneymore East.
The property sold in three lots and made €971,000, or more than €15,000/ac.
The lands had been guided at €12,000/ac prior to the auction.
There was tremendous interest in the property thanks to the location, just two miles from Oranmore village and eight miles from Galway city.
The strongest interest came from local farmers and they turned up in their numbers.
The land is described as prime quality ground with substantial road frontage.
According to auctioneer Joe Greaney, of Keane Mahony Smith, the farm has been rented for several years and is in need of some attention in terms of maintenance of boundary walls and reseeding.