Farm Ireland
Independent.ie

Monday 24 April 2017

Kildare land sells for an 'extraordinary' €19k per acre

Jim O'Brien

Jim O'Brien

One of the strongest prices of the year for farmland was paid when a 92ac holding at Bert Demesne on the edge of Athy, Co Kildare made over €19,000/ac at auction - exceeding its pre-auction guide by €7,000/ac.

Situated at Bert Cross, the property is 3km from Athy and 16km from Monasterevin.

Adjoining the River Barrow to the west, the place is all in one block with extensive dual road frontage.

The farm has natural boundaries throughout and has been in arable use for the last number of years. The ground surrounds the historic Bert House and the land is laid out at both sides of the existing avenue.

Auctioneer Paddy Jordan said the land is among the best in Co Kildare and suitable for tillage or grazing.

At auction it was proposed to offer the property in three lots, but it quickly became apparent that the real interest was in the entire.

Mr Jordan started proceedings with the full 92ac and the land opened with an initial bid of €500,000. From there, four bidders participated right up to €1,740,000.

At this point the entire was put on hold and a lot comprising 64ac was offered for sale with two bids of €1,000,000 and €1,100,000 respectively.

A lot comprising 27.5ac was then offered and got no bids at which point Mr Jordan adjourned to consult with the vendors.

Entire

On return the entire 92ac was put on the market at €1,740,000.

After two further bids the hammer was dropped to the highest bidder, Helen Dawson of Delaney Dawson Solicitors, Newbridge , who was acting on behalf of an undisclosed client.

"This was an extraordinary price for purely agricultural land," said Mr Jordan.

"There was great local interest in the property and this highlights again that quality, location and the strength of farmers in the locality remain the key ingredients to obtaining a premium price."

He added that there are three "very disappointed" under bidders looking for something similar in the area.

Indo Farming