Kilkenny land goes for €12,000/ac
Published 25/05/2016 | 02:30
There are few spectacular prices being paid but land is changing hands at a reasonably steady pace throughout the country.
Last week a 138ac farm at Hugginstown, Co Kilkenny sold in lots and made in excess of €1 million under the hammer of David Shee of Shee & Hawe Associates.
The property, which comprises 80ac of grassland, 24ac of forestry planting lands and 33ac of marginal lands was sold in four lots to four buyers.
A parcel of 40ac of grassland with a derelict residence made €480,000 or over €12,000/ac, while a further 40ac of non- residential grasslands fetched €445,000, or €11,000/ac. A lot comprised of 24ac of planting lands fetched €70,000 and the 33ac of marginal lands were sold for €50,000.
"We needed to offer the lands in different ways to give interested parties options. This took a bit of time, but then it became apparent the best way to proceed was with four lots and after that bidding was brisk on each lot," said Mr Shee.
Meath and Westmeath
Meanwhile, Raymond Potterton had mixed fortunes when he brought a number of properties to auction last week.
A large 172ac farm at Ballynameagh, Coole, Co Westmeath described by Stephen Barry of Potterton's as a highly fertile farm under permanent pasture was withdrawn having been bid to €1m, or €100,000 less than its guide.