Good sale at Carlow farm
Published 19/10/2010 | 05:00
Auctioneer Paddy Jordan earned his keep as he got more than €10,000/ac for 83ac holding at Nurney in Carlow. The non-residential farm and farmyard was for sale in two lots on Wednesday last. The property sold as an entire after auction for a figure in excess of €840,000.
The original lots included a 16ac field and 67ac with the house and farmyard. Bidding on the 16ac opened at €100,000 and four interested parties, all locals, entered the contest and in bids of €10,000 and €5,000 they took the price to €165,000.
At that stage Mr Jordan turned his attention to lot two, the 67ac, the house and farmyard. He opened at €400,000 and two bidders declared an interest. In bids of €25,000 and €10,000 they went on until the lot was withdrawn at €625,000.
The entire, 83ac and the buildings, was then offered for auction and three bidders, two local and one from Wexford, took to the field and progressed matters with bids of €20,000 and €10,000 until the farm was withdrawn at €830,000.
The auctioneer then revisited lots one and two individually. When there was no move on the amounts at which they were withdrawn he reverted to the entire and withdrew that at €840,000 after getting a further €10,000.
Working with joint selling agent Seamus Somers, Mr Jordan closed the sale and sold the property to a Carlow farmer an hour after auction for a price in excess of €840,000.
"It was tough going but it was worth it," admitted Mr Jordan. "I was sure the two lots would sell individually but you never know; we got over €10,500/ac and that was satisfactory."