Meath farm hits s1m sale target
Published 20/09/2011 | 05:00
A figure of €1,050,000 was paid at auction last week for a 105ac farm at Kiltale, Dunsany, Co Meath.
Pat O'Hagan, of selling agents Savills, said the property made its guide of €10,000/ac when it was knocked down to a farmer from the general locality.
The non-residential holding is all in grass and laid out in a number of big fields.
It is well fenced by a mixture of natural hedgerows along with post and rail fencing and, aside from one small square of wet ground, the land is well drained and dry.
It comes with extensive road frontage on to two roads and limited road frontage on to a third.
A crowd of about 40 people, mainly farmers, turned up for the auction at the Station House Hotel, Kilmessan, on Wednesday, September 14.
Mr O'Hagan initially offered the property in lots. Lot one consisting of 62.456ac, lot two consisting of 42.562 and lot three, the entire, consisting of 105.018ac.
The 62.456ac lot opened with one bid €450,000 and moved no further. Lot 2, the 42.562ac section, opened at €300,000 and with two bidders in contention went to €335,000 in tranches of €5,000 and €10,000.