Sale successes lift industry confidence
Published 27/09/2011 | 05:00
An average of almost €11,000/ac was paid when three parcels of Meath land sold at auction in Trim last Wednesday, while a fourth parcel was withdrawn.
Auctioneer Aidan Heffernan, of selling agents Sherry Fitzgerald Royal, described the auction as a "brilliant day" that would give one confidence in the future of farming.
It was standing space only on the day as up to 80 people packed into the auction room at the Trim Castle Hotel.
The lands on offer were described by Mr Heffernan as top quality, well located and easily accessed.
The first parcel was a 21.5ac non-residential holding at Dogstown, Trim, Co Meath. This opened at €120,000 and with four bidders showing interest, the price went up in bids of €10,000 and €5,000 until the property was put on the market at €214,000.
Matters proceeded more slowly and in smaller bids until the hammer came down at €230,000. The farm was sold to a local man with a farming and business background.
The second parcel, located at Cloncarneel, Kildalkey, was another non-residential farm extending to 27ac. Currently in stubble and laid out in a single division, the lands were offered initially in two lots and when this proved unproductive they were offered as an entire opening at €150,000.
Four bidders took to the field and the property went on the market at €231,000. It was sold for €256,000 to a local couple involved in farming.