Farm Ireland

Tuesday 25 October 2016

Laois land goes for €12,500/ac at auction

Jim O'Brien

Published 06/07/2016 | 02:30

A 26.5ac parcel of ground at Doon, Luggacurren in Co Laois made €12,500/ac at auction last week when it sold under the hammer of Joseph Coogan.

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Originally part of a 42ac farm the balance was withdrawn before the auction and locals fought it out for the remaining 26.5ac piece on the day.

Luggacurren is located to the east of Portlaoise among the Cullenagh hills.

The holding is described by auctioneer Joe Coogan as made up of decent agricultural land and while it is slightly hilly it is good grazing ground.

Intense bidding

The 26.5ac of grazing ground is laid out in a number of different sized fields with a water supply and extensive frontage on to a tarred laneway.

At auction proceedings opened at €180,000 and three bidders showed cause.

Bidding was so intense the auctioneer barely got time to declare the property on the market.

Eventually he managed to do so when the price reached €300,000.

Bidding continued until the gavel fell in the favour of an adjoining landowner who paid €325,000 for the property.

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