Farm Ireland
Independent.ie

Tuesday 6 December 2016

Local dairy man wins tug of war for Longford holding with ¤93k bid

Published 12/07/2011 | 05:00

A local dairy farmer beat off stiff competition from a businessman and a professional couple for a 10.2ac Longford property recently.

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The farm at Cornollen, Longford included a derelict residence and had a prime location just off the N5 at Kilmore Cross, an area that has seen plenty of one-off family homes built in the past decade.

The land is of mixed quality and laid out in three divisions.

It is a five-minute drive to Longford town and to the River Shannon at Tarmonbarry.

The land was described as mainly good quality, but would benefit with some fertilisation and a small amount of drainage.

The local farmer opened the bidding at €40,000 and later closed it with the winning bid of €93,000 after a hard-fought battle with the professional couple who were hoping to build a family home on the land. The third bidder, a businessman dropped out at €60,000.

The auctioneer is now seeking a smallholding in the Longford /Roscommon area for the disappointed underbidder.

Mr Regan, of DNG Regan, said the €93,000 price achieved was well above expectations, but it showed that there was a growing confidence in the land market.

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He reported good interest in the property from business people in the area who want to "dip their toes" in farming after a stressful day in the office, young couples wishing to build their family home, families interested in equestrian sport and local farmers.

The same agent is also handling the sales of three other residential and non-residential farms in the Lanesboro and Keenagh areas.

Enquiries to DNG Frank Regan on 043 3350000.

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