Locals win out in keen bidding for Laois holdings
Published 24/06/2015 | 02:30
A 148ac tillage and grass farm in Co Laois fetched €1.54m or almost €10,500/ac amid stiff competition.
The farm, located at Eyne, Portlaoise, near the M7 motorway, was purchased by a local farmer.
It has extensive road frontage facing on to a local road. About 73ac of the farm is under winter barley, with 8ac of fallow ground, and the remainder in grass.
Laid out in large fields, the holding is bounded on one side by the Triogue river. Most of the fields have water access through a private well.
The farmhouse is a typical 1970s bungalow with accommodation including two reception rooms, two bathrooms and three bedrooms. While in habitable condition the dwelling needs modernisation.
The yard is also dated and comprises a range of traditional buildings, including an old disused farmhouse.
At auction the property was offered in lots and as an entire, with one lot comprising the house and yard on 93ac, with 81ac in tillage and 12ac in grass. The second lot was made up of 55ac of grassland.
As the transaction got into full swing auctioneer John Hennessy of Stradbally was busy as a plethora of bidders made sure the lots and the entire stayed in play nearly to the end.