Farm Ireland
Independent.ie

Thursday 19 October 2017

Local family wins auction battle for 103ac Faithful farm

Jim O'Brien

Jim O'Brien

The new owners of a 103ac residential farm at Killaderry, Croghan Road, Daingean, Co Offaly have a fine crop of hay to save as soon as they take possession of their recently acquired holding.

Under the hammer of Robert Ganly, the property was sold at auction to a local farming family for €750,000, surpassing its guide by €30,000.

Celia Lamb of Ganly Waters describes the farm, located 17km from Tullamore and 19km from Edenderry, as a quality grass farm with 70ac of top-class ground and 30ac of more marginal land.

FRONTAGE

The property was let over the last number of years and farmed for cattle and sheep. Laid out in one block, the holding has substantial road frontage on to two roads and comes with 1.3ac of turbary rights at nearby Walsh Island.

The house is a two-storey, 2,200sqft farmhouse built in 1984, with accommodation that includes three reception rooms, a kitchen, four bedrooms and two bathrooms. Located adjacent to the house is a spacious double garage.

The farmyard is of the traditional kind and contains a range of older stone buildings, including an old stone residence, now derelict, a range of older stone sheds and a five-span haybarn with lean-to and silage pit.

Up to 20 people attended the auction as Robert Ganly opened proceedings on behalf of Ganly Waters and joint agents Matt Dunne of Portarlington.

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CHASE

The sale began in earnest with an opening bid of €550,000.

There were two customers in the chase, a local farming family and a British-based bidder, and proceedings were brisk.

The price went up in tranches of €10,000 and the property was put on the market at €740,000.

Two further €5,000 bids saw the hammer fall and the farm sold to the local family.

All the purchasers need now is the good weather to last a few more days.

Irish Independent