Kildare farm with equestrian appeal sells for €13,500/ac
Published 24/06/2015 | 02:30
A 48-acre farm situated at Morganstown near Ballymore Eustace sold for €13,500/ac at auction last Wednesday.
The land, deep in equestrian sports territory, attracted three bidders with auctioneer Ronan O'Connor of CME Naas opening the bidding at €500,000 and raising it to €630,000 before the property was withdrawn and sold later.
Mr O'Connor said the price achieved reflected the current "steady land market" in Co Kildare.
The farm, in grassland and without any buildings, has good road frontage and is serviced by piped and private water supplies. It was sold in trust to a local solicitor.
Land in Co Kildare is currently averaging €11,000 to €12, 000 an acre. "It was a good sale and the price reflected the stable market in land at the moment and not the mad prices of the boom. The land is purely agricultural with no development possibilities," added Mr O'Connor.
Meanwhile, just over 15ac of grazing land at Killington, Multyfarnham in Co Westmeath - all in one division - was sold for "'well in excess of €100, 000" after post auction negotiations last Thursday.
Auctioneer Dylan Murtagh of Murtagh Bros, Mullingar said there was a full room at the auction where he opened bids at €70, 000, rising in stages until bidding reached €85.000. At this point the farm was withdrawn and subsequently sold at the higher price.