Limerick land goes for €11,000/ac at auction
Published 03/06/2015 | 02:30
A 78ac, non-residential, roadside dairy farm at Ballingaddy North near Kilmallock in Co Limerick sold under the hammer last week for €860,000 making in the region of €11,000/ac.
Located 2km from Kilmallock the property is currently home to a working dairy farm and commands a basic payment of €7,260. The holding is all in one block and comes with road frontage on to two roads while two internal roadways service the fields. Fencing is comprised of natural hedgerow and electric fences.
The facilities on the holding include a 10 unit milking parlour and cubicle accommodation for 60 cows in a building with a central feeding passage fitted with an automatic scraping system. Other facilities include calving pens and storage units.
At auction Richard Ryan of GVM Kilmallock opened the bidding at €500,000 and with two customers in action the price went up in increments of €5,000.
After adjournments at €725,000 and €810,000 the property was put on the market at €860,000 and sold at that price to a family with business and farming interests in the general area.