Kildare holding beats guide price by €90,000 at busy auction
Published 24/08/2016 | 02:30
There were five competing bidders at an auction of a 106ac residential farm at Halverstown near Kilcullen in Co Kildare last week and bidding exceeded the guide price by €90,000.
The farm was offered by Jordan Auctioneers in two lots - a cottage on just over three acres and the remaining 103ac.
The cottage lot opened with a bid of €100,000 and briskly reached €170,000 before being sold later to a man from the area for €180,000. The 103ac section comprised 68.5ac in winter wheat and 34.5ac in grass.
It is laid out in one large block with access from the old Kilcullen to Athy road and the old Kilcullen to Castledermot road.
It also included an old yard with some derelict outbuildings and a three-column hay shed. There were two bidders for this lot - which included the current wheat crop in the ground - one acting on behalf of an investment company and the other a local man involved in agri business in the region.
In the end the latter won the auction-room joust, with a bid of €710,000 or close to €7,000/ac.
Paddy Jordan said he was pleasantly surprised by the bidding which added some €90,000 to his original guide price of €800,000.