Prime Kilkenny land sells for over €14,000/ac to local buyers
Published 06/07/2016 | 02:30
A 44ac residential farm at Ballyouskill on the Kilkenny/Laois border sold in lots after a rollercoaster auction conducted by Ballyragget auctioneer, Pat Gannon.
The house on 1.3ac was withdrawn during the transaction but the land extending to 42.7ac sold under the hammer for €610,000. It exceeded the guide price for the entire by €60,000 making a strong €14,285/ac. The place was bought by two local farmers acting jointly.
Located 4km from Ballinakill in Co Laois and 8km from Ballyragget the farm comes with an extensive range of sheds.
The land is in an 'L' shape behind the house and is serviced by a good, hard-core roadway. The fields are divided by a combination of wire fencing and natural hedgerow and while there is evidence of rushes on part of the land for the most part it is in fine condition.
At the back of the farm are two top class fields slightly elevated with a fine crown of grass.
The outbuildings with the farm have accommodation for 100 head of stock and are set out in a very good yard.
At auction the lots were offered first. The 42.7ac of ground opened at €300,000 and with two bidders, a solicitor and the local pair of farmers acting jointly, the price moved swiftly to €350,000. Attention then switched to the house on 1.3ac which was bid to €125,000.
The entire was offered after that and combining the price for the house and the land it opened at €470,000.