Wednesday 28 September 2016

Laois farm goes for over €3m

Jim O'Brien

Published 13/01/2016 | 02:30

An aerial view of the 227ac main farm at Ballygeehan which was sold for €2.375m to a Kilkenny dairy company
An aerial view of the 227ac main farm at Ballygeehan which was sold for €2.375m to a Kilkenny dairy company
The residence that was part of the sale which realised a total of €3.145m.

One of the last auctions of 2015 saw a substantial Laois farm extending to 318ac at Ballacolla and Aghaboe sell in two lots under the hammer for a total of €3.145m

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The farm is split between Ballacolla and Aghaboe with a house, sheds and 227.3ac located at Ballygeehan Lower near Ballacolla and another 90ac located about 7km away at Skeagh, Aghaboe between Ballacolla and Borris-in-Ossory.

The main farm at Ballygeehan on 227.3ac is centred around a two-storey residence that hasn't been lived in for quite some time.

The property is in need of complete refurbishment with accommodation that includes a sitting room, living room, study, kitchen and utility with four bedrooms and a bathroom upstairs. The rooms are spacious and the building is in relatively good structural shape but needs a complete overhaul.

Adjacent to the house is a farmyard on a substantial concrete apron that includes a series of useful sheds including a large high roofed modern four-bay shed with two bays and two equally high locked bays with roller doors.

Across the yard is a three-column haybarn with a six-column lean-to currently used for fodder storage, while adjacent is a six-column haybarn where a lean-to faces a five-column lean-to across a central feeding passage.

There are a series of old stone buildings that once formed the courtyard of the old house, a number of cattle handling facilities and a concrete silage pit.

The land is made up of fine tillage and grazing ground. Stretching off behind the house and sheds, are 198ac of land that is firm underfoot, mainly under stubble and well minded.

Some of it tapers off to low lying ground but a tremendous, elevated crown of land runs through the middle.

Across the road is a further 29ac of equally good, elevated ground in a mixture of grass and stubble This section has plenty of road frontage.

Second parcel

The second parcel of ground, 90.27ac of land in stubble and grass, is in the townsland of Skeagh near the ancient monastery of Aghaboe.

Located down a narrow boreen the parcel is divided into about eight fields bounded on the outside by well-managed fencing. Five of the fields are in tillage and three in grass.

The property is bounded by the River Gully at one end and has road frontage on the minor road at the other. This parcel was sold as a separate lot from the main farm.

At a well attended auction Robert Ganly of Ganly Walters opened proceedings seeking bids on the entire including the house and 227.3ac at Ballygeehin and the 90.27ac at Aghaboe. After one bid of €2m the auctioneer held the bid.

Mr Ganly then turned his attention to the 227.3ac at Ballgreehin which opened at €1,500,000 and moved up to €1,750,000 where it was held.

Bidding on the 90.27ac at Skeagh, Aghaboe opened at €600,000 and after nine bids the price on offer reached €770,000 and it was held.

After a short break Mr Ganly returned and offered the entire to the room but as no bids were forthcoming he withdrew the lot.

The auctioneer went back to the 90.27ac at Skeagh, Aghaboe, and declared the property on the market at €770,000.

With no further bidding the property was sold under the hammer to a local farmer for that price.

The 227.3ac at Ballygrehin stood at €1,750,000 when it was held and Mr Ganly now sought bids in advance of that. The nods and winks came hard and fast and when the property reached €2,000,000 it went on the market.

After 18 more bids, it was knocked down at €2,375,000 and sold to a dairy farming company from Kilkenny.

This gave a total of €3,145,000 for 318ac, or €9,890/ac.

Indo Farming

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