Farm Ireland
Independent.ie

Sunday 22 October 2017

Results: Dublin land withdrawn

A farm extending to 59.4ac at Hollywood, Ballyboughal, in north Co Dublin, was withdrawn from auction last week at €510,000 or €8,500/ac. The property came to the market with a guide price of €12,000-15,000/ac.

Auctioneer Hugh Cumisky describes the holding as prime quality land that is well maintained and in good heart with extensive road frontage on the Knightstown and Hollywood roads.

The property was initially offered in lots with lot one comprising 11.9ac and lot two made up of 47.5ac.

However, there was little interest until the entire opened at €300,000 and was bid up to €510,000 by four bidders. At that point the property was withdrawn. Negotiations with the highest bidder are on-going.

Mr Cumisky was adamant that the sale price has to be in the region of €12,500/ac given the location and quality of the lands.

Kilkenny makes €16,275/ac

After achieving €16,000/ac for land at Pigeon Park, Kilkenny, some months ago, auctioneer Ed Donohoe was confident of repeating the performance with a neighbouring parcel of ground extending to 25.5ac.

He surpassed this target when he sold the lands under the hammer for €415,000 or €16,275/ac.

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Located at Rathclough, Danesfort, two miles from Kilkenny city off the old Waterford road, the farm has road frontage on to a cul-de-sac and on to the main road. Mr Donohoe describes the land as high quality tillage ground suitable for any agricultural use.

The auction started slowly with an opening bid of €200,000. Four bidders engaged and the price went up in tranches of €10,000 until it reached €350,000. The property was then put on the market and after 22 further bids it was sold to a neighbouring farmer.

Kildare nets €12,000/ac

A 32ac equestrian property located at Mooretown, 4.5km from Naas in Co Kildare sold under the hammer last week for €380,000, just shy €12,000/ac.

It was brought to auction by Jordan Auctioneers with a guide price of €375,000.

The holding is situated in the town of Mooretown, approximately 4.5km west of Naas and 5km from Newbridge with road frontage on to the Naas to Rathangan road.

Laid out in four divisions, the land is currently in grass and sheltered by mature natural boundaries and hedgerows on all sides.

Included in the property is a yard with substantial equestrian facilities that include an outdoor all-weather arena, five boxes and some farm buildings that would be ideal for farming or equestrian use.

The auction opened with a bid of €250,000 and, in tranches of €10,000, three bidders drove the bidding until the price came to €380,000.

It was put on the market at that price and sold to a buyer from Carlow. According to auctioneer Paddy Jordan the holding was bought in trust by a buyer from Carlow.

Elsewhere a compact 43ac residential farm located at Cushinstown, Killucan sold at auction for €462,000 or almost €10,750/ac.

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