Farm Ireland

Thursday 27 October 2016

Lively market for Kilkenny holdings

Jim O'Brien

Published 06/05/2015 | 02:30

It's not too often that three farms are sold within days of each in Kilkenny, but that is what happened in recent weeks.

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The properties included a 54ac residential farm at Ullid and Tiermore, Kilmacow.

It was brought to auction by Pat Gannon, with the farm sold in two lots. On the day of the auction both were withdrawn but sold immediately afterwards. A 40ac parcel was bid to €350,000 while a 14ac piece was withdrawn at €100,000.

The property is located on a short laneway and has no road frontage, but is described as a self-contained unit made up of good quality lands including a two-storey farmhouse and a range of useful farm buildings.

At auction the 40ac piece opened at €300,000, with three bidders showing interest. It was bid to €350,000 before being withdrawn. It sold to a neighbouring farmer after auction for a figure in excess of its guide of €10,000/ac.

The 14ac parcel opened and was withdrawn at €100,000. It sold immediately after the auction for a higher figure.

The only place to sell directly under Mr Gannon's hammer was a 27ac holding located four miles from the Marble City at Higginstown, Kilderry. It made €350,000 or almost €13,000/ac.

The property is described by the auctioneer as having the makings of a good out-farm for grazing or meadowing. At auction it opened at €200,000 and with three bidders in the chase, matters moved briskly until the hammer fell at €350,000 - a neighbouring farmer winning the day.

The most substantial of the holdings was a 57ac dairy farm located at Ballyhale in the south of the county.

Located a mile from Ballyhale village, there is decent road frontage with the largest part of the property. It comprises 46ac of good grazing ground laid out in a number of nice fields with an 11ac portion of heavier ground in forestry.

The farmhouse needs modernisation having been built prior to 1900. The farm buildings include a six-unit milking parlour built in 2012, which can be extended to 12 units. Other buildings include a cubicle house with accommodation for 32 cows, a three-bay machinery storage shed and two lean-to sheds with open- plan livestock accommodation. There is also a three-bay A-roofed shed, a calving unit and a horse stable.

The auction opened at €400,000 and with three customers in the chase, proceedings came to a halt at €450,000 when the farm was withdrawn. Negotiations are continuing and Mr Gannon is optimistic that the sale will be closed soon.

Indo Farming