Macroom farm fetches €4,500/ac and Tramore coastal land sells after auction
Published 13/01/2016 | 02:30
Macroom auctioneer Killian Lynch sold a 112ac farm at Ummera, Macroom for €505,000 making €4,500/ac in an auction held before the Christmas.
Located 1.6km from Macroom and almost 10km from Coachford the farm is in a long narrow formation with more elevated portions in the middle.
At the highest point there is some 20ac of forestry that provides an annual income of about €3,500 and has about seven years left to run. The rest of the land is described as high grazing ground.
There is no road frontage with the farm that is accessed by a private access passage and there are few buildings of note aside from a derelict cottage and out-buildings all in need of attention.
At auction three bidders showed their hands when proceedings opened and the auctioneer accepted an opening bid of €300,000.
Bidding continued apace and when it reached €475,000 the property was put on the market having almost reached its guide price of €480,000.
It passed its guide and went on to garner €505,000 before the hammer fell in favour of a solicitor believed to have been representing a local farmer.