Farm Ireland
Independent.ie

Wednesday 7 December 2016

Record price for quality Kildare land

Jim O'Brien

Published 11/11/2015 | 02:30

The 5.5ac piece of land at Broadleas sold for €118,000.
The 5.5ac piece of land at Broadleas sold for €118,000.

A 5.5ac piece of ground at Broadleas near Ballymore Eustace, Co Kildare made €118,000 or almost €21,500/ac when it sold at auction as part of a 34ac farm.

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The land is just off the N81 between Ballymore Eustace and Hollywood and is described by Paddy Jordan as top quality ground laid out in six divisions in permanent pasture with great shelter, good road frontage and water laid on.

The first lot offered for sale was the 5.5ac piece, which has undoubted site potential. This opened with an initial bid of €50,000 and three bidders took up the chase, bringing it to €86,000, at which point the auctioneer put the land on the market.

Two bidders fought it out until the hammer fell at €118,000 and it was sold to a local couple hoping to build a house on the property at a future date.

The second lot comprised 29ac of grazing land and a farmyard. This opened with an initial bid of €200,000 and with two interested parties, it moved quickly up to €260,000, at which point it was withdrawn from the market and a sale was negotiated afterwards for a substantially higher sum believed to amount to around €10,000/ac.

Meanwhile, in neighbouring Laois, a parcel of 32ac of arable land used for parking during the recent Ploughing Championships at Ratheniska sold under the hammer last week making €445,000 or almost €14,000/ac.

Located within walking distance of the church in Ratheniska, the land is the best of arable ground in one block and divided into four fields. It has some road frontage on to a local road and other access via a laneway.

At auction, three bidders showed cause when local auctioneer John Hennessy accepted an opening bid of €300,000. Things started slowly but moved steadily until the price reached €430,000, at which point the auctioneer consulted with the vendors.

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It was decided to put the place on the market at that price and further bidding saw it reach €445,000 before the hammer fell. The property sold to an adjoining farmer while a local auctioneer and a solicitor were the underbidders.

Not too far away, Kilkenny auctioneer Pat Gannon sold a 61ac Carlow farm after auction this week.

Located at Mount Pleasant, Fenagh near Bagenalstown, the residential farm is a mix of tillage and grassland with an old farmhouse and a traditional farmyard.

It was withdrawn at €705,000 and sold immediately afterwards for a higher figure. The buyer was a local man resident in the Middle East.

The holding is about 1km on the Garryhill side of Fenagh and 6km from Bagenalstown. The land is described as top quality ground laid out in eight divisions and mainly in tillage. The house is a substantial 18th century structure extending to two and a half storeys and in need of substantial renovation.

The farmyard is also traditional with a range of stone-built sheds and a three-column haybarn, along with a more modern haybarn with a lean-to in an outside yard.

The land is the best of Carlow ground with extensive road frontage on to the Fenagh, Garryhill Road. Currently there is 12ac in tillage with the rest in grass.

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