Mixed fortunes in Royal Meath
An auction involving the sale of three properties at Trim Castle Hotel resulted in mixed fortunes for vendors, agents and customers last week.
A diverse conifer and broadleaf plantation at Moymet, Trim, extending to 34ac and recently planted, sold under the hammer to a local farmer for €130,000.
Auctioneer Aidan Heffernan of Sherry FitzGerald Royal describes the property as an excellent investment opportunity on which no premiums have yet been drawn.
The price equated to just over €3,800/ac.
It is understood that demand for forestry ground is extremely brisk at the moment, with both land for planting and immature plantations being sought.
Meanwhile, a 31.5ac non-residential farm in permanent pasture at Kilcloon, Dunboyne, was offered in three lots.
Lot one comprised 24.328ac and was withdrawn at €220,000. Lot two, consisting of 6.829ac, was withdrawn at €70,000, while the entire was withdrawn at €300,000.