Farm Ireland
Independent.ie

Thursday 21 September 2017

Sixmilebridge Mart guided at €450k as interest drives sale

Martin Ryan

THE FUTURE ownership of the Golden Vale Mart at Sixmilebridge, Co Clare, could be known within a month.

A "good level of interest" is said to have been expressed in the property, while the target price for the mart has been reduced by a quarter.

The property is now guided at €450,000, a drop of €150,000 from the asking price outlined to a delegation of farmers from the Sixmilebridge area who met GVM management before Christmas.

The delegation sought the meeting, with a view to acquiring the mart and continuing livestock trading for the area, and was then told the asking price was €600,000.

Sale handler Tom Crosse, manager GVM Property Sales, Limerick, said there has been a good level of interest in the property from a combination of farmer and industrial interests.

The mart is located close to Limerick city, Shannon Airport and the new tunnel linking Limerick and Clare, which is set to open in the middle of this year. However, it is still unclear whether the premises will be retained as a mart or the site converted for industrial use.

Trading

Mr Crosse confirmed that a group of local farmers are among five parties who have expressed an interest in buying the livestock mart, part of the farmer-controlled GVM Group.

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The company ceased livestock trading at the mart at the end of last year, citing continuing losses in the operation as a result of lower cattle numbers.

It was placed on the open market earlier this month.

An auctioneering firm, traditionally involved in livestock sales, are rumoured to be among those interested in acquiring the premises, although this has not yet been confirmed.

The property is described as a substantial commercial/ industrial premises, extending to around 4.5ac of land with extensive road frontage, surfaced hard core/car parking, extensive sheds -- with cattle penning facilities -- sales rings and a canteen located a short distance outside the town of Sixmilebridge, Co Clare.

The mart was built in 1973 and operated as a privately owned market up to about 20 years ago, when it was bought by GVM.

Meanwhile, the cattle mart at Rathkeale is also expected to be placed on the market in the coming weeks.

Built almost half a century ago, it first operated as a private mart before also being acquired by GVM.

Irish Independent