Farm Ireland

Sunday 23 October 2016

Hotly-contested auction in Athboy

Jim O'Brien

Published 14/10/2015 | 02:30

A 50ac residential farm near Athboy in Meath sold recently at auction for €425,000.

  • Go To

Located 2km from Athboy and 14km from Trim, the property has road frontage on to two roads.

Overall, the holding comprises a bungalow residence, a farmyard with a range of outbuildings and 50ac of good grazing ground.

The house needs renovation and the yard is partly set out in a traditional courtyard format to the rear of the property.

It includes a range of storage sheds, a garage, a three-column walled haybarn with lean-to and a more modern four-span cubicle shed. There is also a silage pit, cattle handling facilities and a derelict residence with outoffices.

The fertile grazing ground is in about eight fields and divided by good natural hedgerow. The property has been let for a number of years.

At auction, proceedings opened when auctioneer Thomas Potterton accepted a bid of €200,000 for a first lot comprised of the house and yards on 27ac.

Two bidders drove this to €230,000 when it was held.

The second lot, made up of 23ac with the derelict house and outoffices, attracted one bid of €150,000 but the real interest was in the entire which opened at €380,000.

It was hotly contested by two new bidders who took it to €400,000 before it went on the market.

It sold eventually for €425,000 to a man from Pettigo in Donegal acting for another customer.

The underbidder was a local man.

Indo Farming


Top Stories