Farm Ireland
Independent.ie

Wednesday 20 September 2017

River and roadside lands in Kilkenny break €10k/ac barrier

Jim O'Brien

Jim O'Brien

MORE than €10,000/ac was paid at auction last week for 60ac of roadside and riverside lands at Duninga, Goresbridge, Co Kilkenny.

Local auctioneer Ed Donohoe, of ERA Donohoe Properties, brought the hammer down at €620,000 after some lively bidding.

Mr Donohoe described the land as a mixture of good grassland that included 30ac of low-lying land on the banks of the Barrow that can be subject to seasonal flooding.

A 25ac portion of the holding was in tillage, with a small portion in forestry. The lands enjoy good road frontage and come with commercial planning.

More than 25 people turned up for the auction at the Lord Bagenal Hotel at Leighlinbridge, Co Carlow.

When the auctioneer sought bids in excess of €400,000, three bidders took to the field and bids of €20,000 saw the property quickly reach €600,000.

At that point it was put on the market and, after four bids of €5,000, the property was knocked down to a local landowner for €620,000.

Ed Donohoe was delighted with the result.

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"We had guided the sale at €500,000 and what we got was substantially ahead of that and a good price for the property," he said.

gowran

On Thursday, May 24, 15ac of land in Gowran village, Kilkenny that was originally bought for development will be auctioned by Mr Donohoe.

The parcel is coming for auction at the Clubhouse Hotel, Kilkenny with a guide price of €100,000.

On the same day, and at the same venue, a parcel of 16ac of grassland at Bramblestown, Gowran will be auctioned with a guide price of €130,000-150,000.

Meanwhile, Castlepollard-based auctioneer, Paddy Murray, sold 16.5ac for more than €10,000 over the guide price last week. The pasture land, all in one field, was located at Lispopple, Coole, Co Westmeath.

While Mr Murray described the ground as top quality, he did admit that it lacked a piped water supply and could only be accessed by a 0.5km track.

In the event, a local farmer out-bid two other bidders to secure the parcel for €112,000.

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