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Saturday 10 December 2016

Royal ground snapped up in sale success

Meath, 31.6ac + derelict cottage, Sold for €385,000

Jim O’Brien

Published 26/10/2010 | 05:00

A derelict cottage on 31.6ac at Macetown, Tara, Co Meath, sold for €385,000 before a big crowd at the Marriott Hotel, Ashbourne, on October 14.

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The land, currently in tillage and in one large parcel, was described by Phillip Byrne, of selling agents Coonan's Maynooth, as superb ground. It included a derelict stone-cut cottage on an elevated site.

The property was offered in three lots; lot one included the derelict cottage on 1.27ac, lot two consisted of 30ac and lot three was the entire.

The auction opened with the entire and a bid of €330,000 was sought. Two bidders, bidding in amounts of €5,000, took the price to €345,000 when it was withdrawn. Attention then switched to the lots and first up was lot one, the cottage on 1.27ac.

It opened at €60,000 and four bidders drove the sale in bids of €5,000 until it was withdrawn at €90,000. Lot two, 30ac, opened at €200,000 and two bidders took the price to €260,000. Bidding continued in €10,000 increments until the lot was withdrawn at €280,000.

Mr Byrne then returned to the entire and re-opened matters at €370,000 -- the accumulated amount of offer for lots one and two. Two bidders, bidding in amounts of €5,000, took the price to €385,000 when the property was sold to a local farmer. The sale price equates to €12,000/ac.

In a separate sale at the Marriott on the same day, Mr Byrne brought 16.7ac at Gillianstown Rathfeigh, Co Meath, to auction.

This parcel of tillage land, with extensive road frontage, opened at €100,000. In bids of €10,000, four bidders took the price to €150,000 and, in bids of €5,000, it went to €165,000.

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The property was put on the market at that point until two further bids of €2,000 and €3,000 respectively brought the price to €170,000 when it was knocked down to a local farmer.

Irish Independent



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