Farm Ireland
Independent.ie

Sunday 11 December 2016

Sale successes lift industry confidence

Jim O'Brien

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€11,000/ac was paid when three parcels of Meath land sold at auction in Trim last Wednesday, while a fourth parcel was withdrawn.

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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.

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The next piece of land was 18.5ac at Portanob, Kildalkey. This came with generous road frontage, a semi-derelict farmhouse and a hay-barn with double lean-to. Again, four bidders entered the ring when it opened at €120,000. It went on the market at €210,000 and sold for €250,000 to a local man with farming and business interests. A 23ac parcel with a semi-derelict residence at Gillstown, Athboy, was withdrawn at €160,000. The auctioneer is currently talking to two different parties and it is hoped the sale will be closed in a few days.

Commenting on the auction, Mr Heffernan said: "When you have land that is well looked after and well located, you will get the buyers who are willing to pay decent prices.

"All the vendors and buyers who did business here last Wednesday were happy; the vendors were happy with the price they got and the buyers were happy with what they bought and happy with the price they paid."

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