Business Farming

Saturday 1 October 2016

Northern buyer wins keen battle for Leitrim holding

Jim O’Brien

Published 03/06/2015 | 00:00

Top price: The cottage and 94ac at Garadice, Co Leitrim sold for €905,000
Top price: The cottage and 94ac at Garadice, Co Leitrim sold for €905,000

One of the finest farms in the northwest, a 94ac residential holding at Kilnacreevy, Garadice, Co Leitrim, sold under the hammer of  Raymond Potterton last week for €905,000.

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The farm was the home place of the late Jack Neill, who also owned a 382ac residential farm at Carbury, Co Kildare that sold at auction a number of weeks ago for €2.65m.

The property is described as a top-class grazing farm with little waste.

Laid out in about 15 fields, the elevated ground has frontage on to two roads and great views over Lake Garadice.

The residence on the farm is a traditional cottage with four bedrooms, of which one is ensuite, a living room, sitting room, kitchen, utility and bathroom.

The yard includes the best of facilities with three slatted sheds, a six-bay shed with a central feed passage, a four-bay shed with a central feeding passage.

There’s also a large range of cattle handling facilities and other accommodation.

A huge crowd turned up for the auction and proceedings opened when a bid of €600,000 was accepted.

Five bidders were in action with a number from the sterling side of the border and the property was soon put on the market at €865,000.

At that point a new bidder entered the fray and bidding continued until the hammer fell and the original bidder, a Northern man, bought the farm for €905,000.

In another sale, Raymond Potterton Auctioneers sold a 54ac residential farm at Sommerville, Kentstown near Navan, Co Meath. The property made €690,000 or over €12,700/ac.

The property includes a number of traditional farm buildings and a three-bedroom cottage.

The three large fields making up the farm are all in grass.

The holding was once a dairy farm and undoubtedly could find itself producing milk again.

At auction proceedings got under way when a bid of €450,000 was accepted.

With three bidders in the chase the price rose in increments of €20,000 until the property was put on the market at €650,000.

It sold under the hammer to a solicitor acting in trust for €690,000.

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