Lively bidding in Cavan
Published 08/07/2015 | 02:30
A crowded auction room in Bailieborough, Co Cavan saw two properties sell under the hammer of local auctioneer, Peter Murtagh, writes Jim O'Brien.
First for auction was an old glebe rectory house on 10ac at Tirawinnea, Tierworker, Kells, Co Meath.
Bidding opened last Wednesday at €70,000 and with five bidders showing interest, it progressed in increments of €5,000 to €115,000 when the property was placed on the market. Bidding continued until the hammer fell at €140,000. The purchasers were a young couple with strong attachments to the locality.
The second property for auction was an 11ac holding at Crossbane, Mullagh, Co Cavan with a disused residence and a mixture of farm buildings. Bidding opened at €70,000 and, according to Mr Murtagh it took "major cajoling from the lectern, two adjournments and nine further bids" to bring the price to €96,000.
Seven further bids saw the hammer fall at €105,000. The holding was bought by a local farmer who had rented the land for the past few years.
It was reported in last week's edition that the executor sale of a 100ac forestry and grass residential farm at Stradone in Co Cavan was to happen by auction at the same sale.
However, this property was and is on the market by private treaty with a guide of between €350,000 and €400,000.