Results: Dublin land withdrawn
A farm extending to 59.4ac at Hollywood, Ballyboughal, in north Co Dublin, was withdrawn from auction last week at €510,000 or €8,500/ac.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 At that point the property was withdrawn.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.