Thursday 24 April 2014

Limerick land auction sees €9,200/ac paid for 22 acres

More than €9,200/ac was paid for 22ac at Shanacloon, Cappamore, Co Limerick recently when a farm sold under the hammer for €203,000.

The land is described by Newport auctioneer James Lee as fair quality ground in need of some reclamation work.

Part of the property includes a glen with a river running through it. The farm had been for sale by private treaty for the past few months and although there was much interest locally, there was no sign of a sale being agreed.

As a consequence, Mr Lee decided to call all interested parties together for an auction.

Word filtered out that there were quite a few locals in the hunt for the property and there was a good attendance on the day. The property had been guiding in excess of €100,000 by private treaty and bidding opened at €92,000. There were two bidders initially and bidding went up in €1,000 bids to €150,000.

The farm was then put on the market and a third bidder entered while one of the initial bidders withdrew. Bidding proceeded in €1,000 bids, with the two parties in contention until the hammer fell at €203,000. The property was bought by a local farmer.

Also in this Section




Meet, chat and connect with
singles in your area


Meet Singles Now



Now available on

Top Stories

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News