Kildare grazing farm withdrawn after being bid close to a million
Published 22/06/2016 | 02:30
A 105ac farm at Calverstown Little near Kilcullen in Co Kildare sold after auction last week. It had been bid to €960,000 before being withdrawn.
The property is situated about 7km from Kilcullen between the Kilcullen/Carlow road and the Kilcullen/Athy road.
All in permanent pasture the land comes with 1km of road frontage, a natural water supply and excellent shelter. According to Paddy Jordan of Jordan auctioneers the place is renowned for its fattening qualities.
Approximately 18ac of the farm are under forestry in a mixture of hardwood and softwoods with three years left to run realizing an annual premium of €3,954.
At auction the property opened at €750,000 and with three interested parties showing cause the price rose to €960,000 when the auctioneer called a recess to consult with the vendor. He returned to the auction room and as no further bid was forthcoming the property was withdrawn at that price.
According to the auctioneer he 'tangled for a half an hour and did the deal." The property was sold for a figure higher than €960,000.
Further north a 65ac farm at Brownstown near Delvin in Co Westmeath sold at auction in recent weeks making €355,000 or around €5,400/ac.