'Exceptional' Carlow farm makes €13,900/ac at auction
Published 05/10/2016 | 02:30
A 61ac non-residential tillage farm at Coole, Rathvilly, Co Carlow sold under the hammer last week making €847,000 or €13,900/ac.
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.
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.