NRA cash helps fund high bids
Published 09/08/2011 | 05:00
Payments made by the National Roads Authority to farmers in the Bennettsbridge area of Co Kilkenny were behind some strong prices paid recently for divisions of a 40ac farm near the village.
A 23ac portion of the farm at Bohergaddy was sold for €15,936/ac to a Kilkenny auctioneer acting in trust for a client, while a five-acre block sold for €100,00 -- or €20,000/ac -- to a Leitrim auctioneer, also acting in trust.
The remaining 12ac was withdrawn at €152,000 on the day and it is understood that a bid of €155,000 was subsequently received by auctioneer Joe Coogan.
Meanwhile, a 17ac residential holding at Foylebridge, Gathabaun, close to Freshford, attracted a number of bids prior to auction.
The bids, made by two local farmers, were believed to be in excess of €10,000/ac and were enough to convince the owners to close the deal.
Finally, a 19ac block of land at Cloneen, Cliugh, Castlecomer, was withdrawn from auction recently but sold immediately afterwards for in excess of €10,800/ac.
The land had good road frontage onto a cul-de-sac laneway and was withdrawn at €170,000 before being sold.