Farm Ireland

Sunday 23 October 2016

'Exceptional' Carlow farm makes €13,900/ac at auction

Jim O'Brien

Published 05/10/2016 | 02:30

gavel whit golden ornament on black background
gavel whit golden ornament on black background

A 61ac non-residential tillage farm at Coole, Rathvilly, Co Carlow sold under the hammer last week making €847,000 or €13,900/ac.

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Located 15km from Carlow and 6km from Tullow the farm is all in one field and described by Eoin Kehoe of Kehoe auctioneers, Carlow as an exceptional block of land.

Situated at the end of a lane the holding has established rights of way and is most accessible.

According to Mr Kehoe the place is surrounded by good farms and has been rented to a local farmer for a number of years who looked after it well and leaves it in top condition.

Eventful Auction

A lively and eventful auction saw the property sell to a local farmer.

Two bidders showed cause when the place opened at €400,000 and in bids of €20,000 and €10,000 the price rose steadily until it reached €630,000.

At this point the auctioneer consulted with the vendors and returned to the room where bidding continued until the amount on offer reached €760,000.

One of the bidders withdrew at that stage but a new offer revived the auction and brought the price to €765,000. The action continued in increments of €5,000 up to €790,000 where it eased back to bids of €2,000 and €1,000.

Matters continued at this pace until the holding was put on the market at €847,000 and sold at that price to a local farmer."It was a good bit of land, a good result and it was good it was bought by a local," Mr Kehoe said.

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