Limerick holding goes for €10k/ac after lively auction
Published 20/05/2015 | 02:30
Over €10,000/ac is understood to have been paid for an 82ac holding outside Limerick city.
The farm, located at Toberyquin, Ballyneety, Co Limerick, was sold after auction for a figure believed to be in the region of €850,000.
Located on the outskirts of Limerick city, the farm is made up of elevated limestone ground commanding fine views of the surrounding countryside.
The holding is divided into 11 well-fenced fields with a central roadway running through.
The auction, conducted by Tom Crosse of GVM Limerick, attracted a sizable attendance of up to 50 people. Bidding opened at €500,000 but the price quickly rose to €760,000.
As no further bids were forthcoming, the property was withdrawn and in a deal concluded immediately after the sale, it is believed a price in the region of €850,000 was paid. The buyer is a substantial farmer from a neighbouring parish.
Meanwhile, Trim auctioneer Thomas Potterton also had a mixed day in the auction room recently.