Over-guide Kildare success offers new hope for larger farm auctions
Published 07/12/2011 | 06:00
The sale at auction of a 270ac farm at Nurney, Co Kildare, is good news for landowners and selling agents with larger properties on the market.
When auctioneer Paddy Jordan, of Jordan Auctioneers, brought the hammer down on proceedings last Tuesday, he sold the 270ac holding to a local farmer for €2.64m, or almost €9,800/ac. The price achieved well over the €1.8m guide.
Before a packed auction room, the sale opened with an initial bid of €1m. With four active bidders giving chase, the property was put on the market at €1.8m and two final bidders fought it out until the hammer came down at €2.64m.
The Kildare farm, known as Nurney Demense, includes a derelict farmhouse and extensive outbuildings along with 50ac of disused quarry. Located 8km from Kildare, the farm is close to the M7 motorway, with junction 13 just 10 minutes away.
The land, described as the best of tillage ground, is all laid out in one block with no internal boundaries or hedges. There is excellent road frontage, providing several agricultural entrances.
The traditional farmhouse, which is in need of extensive renovation and modernisation, extends to around 4,500sqft and is classified as a protected structure.
There is a range of old sheds in an older farmyard, along with some more modern sheds and grain storage facilities.
Speaking after the auction, Mr Jordan said that there had been tremendous interest in the property from the outset.