Farm Ireland
Independent.ie

Sunday 4 December 2016

Portlaoise 30ac shifts in two bits for ¤415k

Jim O'Brien

Published 11/10/2011 | 05:00

A 30ac residential farm at Clonad, Portlaoise, Co Laois, was sold in two lots under the hammer on Thursday last.

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The combined price paid came to €415,000, or almost €14,000/ac.

The residential farm is located at Clonad, Portlaoise, and is divided by the N7.

The property came with a well-maintained yard that includes extensive cattle- handling facilities.

The land is all in grass and laid out in six fields, the residence and 22ac is on one side of the N7, while the remaining 8ac are on the opposite side.

There is also around €11,000 a year in entitlements attached to the farm.

Crowd

A crowd of 50 turned up at the Maldron Hotel, Portlaoise, for the auction.

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Auctioneer Eamon O'Flaherty, of selling agents Brady Property Partners, Maynooth, opened the auction, offering the holding in lots.

Lot one, comprising 22ac with the residence and farmyard, opened at €300,000 and was eventually sold to a local farmer for €340,000.

Lot two, 8ac of average quality land, opened at €30,000 and was sold for €75,000.

Mr O'Flaherty described the auction as a good day's work, saying an average price of €14,000/ac was well above the current average.

Jim O'Brien

Indo Farming