Business Farming

Thursday 29 September 2016

Mixed fortunes as Roscommon auction season gathers pace

Published 11/05/2016 | 02:30

The auction rooms of Co Roscommon have been busy with quite a few transactions taking place recently. Two weeks ago a 20ac residential farm at Fairymount, Castlerea was withdrawn from auction at €100,000 and sold afterwards for a higher figure by auctioneer James Kilcoyne.

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Staying in the Castlerea area the executor sale of a 72ac residential farm at Tarmon, Castlerea had mixed fortunes at auction. Located about 5km from Castlerea the property includes an old period farmhouse in need of attention and a number of plots of grazing and planting ground.

Paul Lafferty of James Cleary auctioneers offered the house on 22ac as the first lot and this attracted six bidders during the auction. It opened at €100,000 and at €150,000 was put on the market. Two bidders fought it out until a local farmer won the day with a bid of €159,000.

Three further lots were put to auction including a 6.65ac field that was withdrawn at €33,000 and sold afterwards. Meanwhile, a 26ac parcel opened at €80,000 and held, while a 16.8ac piece attracted no bid. However, according to the auctioneer the combination of these lots, coming to almost 43ac, is making steady progress since the auction.

Castleplunkett holding

Mr Lafferty is bringing another Roscommon farm to auction later in the month. The 30ac holding located at Bushfield, Castleplunkett is guided at €7,000/ac.

Situated 16km from both Castlerea and Roscommon it is divided into equal parts by the main road and is described as a good grass holding of upland limestone ground. The auctioneer expects it will be attractive to farmers looking for good ground with decent access.The farm will be sold at Hester's Golden Eagle, Castlerea at 3pm on Thursday, May 26.

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