Monday 26 September 2016

Roscommon farm sells for €1.04m

Published 09/09/2015 | 02:30

It was a bumper week for the parish of Cloonfad in Co Roscommon, what with three sisters from the parish giving birth on the same day and a 151ac sheep farm in the same parish selling under the hammer for €1.04m, it's a bountiful time all round.

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Auctioneer Gerry Coffey brought the extensive sheep farm to auction.

There was keen competition between two solicitors acting in trust, an auctioneer believed to be acting for a Mayo dairy farmer, a person from the region but now resident in the USA, and farmers from counties Tyrone, Leitrim and Laois along with local interest.

Mr Coffey initially offered the farm for sale in three lots with a 75ac parcel attracting an opening bid of €350,000 and was bid to €405,000.

A 19ac piece opened at €100,000 and with hectic bidding it reached €165,000 with a solicitor and local interested farmers in hot competition.

A 57ac piece, which also included a turlough, had an opening bid of €100,000 with bids of €10,000 and €5,000 then reached €255,000.

At this stage Mr Coffey offered the entire 151ac and two active bidders drove the entire to €890,000 at this stage.

The auctioneer then returned to the lots and the collective figure on offer came to €925,000. The entire was offered again and it reached €960,000.

A return to the lots saw hectic bidding bringing the price to €1.03m but a bid of €1.04m for the entire won the day for a solicitor acting in trust and brought tremendous applause from the large crowd present.

The purchaser is believed to be a well known west of Ireland business man and farmer, according to Mr Coffey.

Indo Farming

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