Solid sales in Leinster
Published 15/06/2016 | 02:30
It's a busy time in the auction rooms with steady if unspectacular prices being achieved all round, reports Jim O'Brien.
A 92ac farm at Mayne, Coole in Co Westmeath sold at auction last week making €520,000 or about €5,600/ac.
Located near Coole village the farm is described as a substantial block of high land with road access on three sides. The ground needs attention but, according to Stephen Barry of Raymond Potterton Auctioneers, it has great potential.
The farm is entirely under permanent pasture, laid out in nine good-sized, well-sheltered divisions with a natural water supply and mature hedging.
At auction the bidding opened at €250,000 and with two bidders in the chase the property was bid to €520,000 when it was put on the market and sold to the highest bidder. A businessman with farming interests bought the farm
Ashbourne farm sale
A substantial part of a 61ac residential farm at Borranstown, Ashbourne, Co Meath sold prior to auction last Thursday and the remainder is now on the market by private treaty.
The portion that sold includes the house and yard on 27ac making a price that is believed to exceed the pre-auction guide of €550,000. The remaining 34ac are for sale by private treaty with a guide of €400,000.