South Galway farm sells for €13,000/ac at auction
Published 13/05/2015 | 02:30
A farm near Portumna, Co Galway made in the region of €13,000/ac recently under the hammer of Ballaghadereen auctioneer James Kilcoyne.
The lands at Shanvally and Sawnagh near Portumna, which formed part of the estate of the late Frank Keane, were offered in three separate lots with lot one situated in the townland of Shanvally comprising 8.5ac of average quality land making €50,000 or over €5,800/ac.
Another lot in the same townland comprising 7.26 acres of very poor quality lands and with poor access made €29,000, while a third lot, situated in the townland of Sawnagh, comprising 8.5ac of very good quality lands made a very impressive €12,760/ac. This lot opened at €70,000and was put on the market at €85,000 . It sold for €110,000 after 12 further bids.
Much further south, Castlecomer auctioneer, Joseph Coogan, saw a very healthy price paid for 55ac of grazing located at Oldtown, Abbeyleix.
The land is described as prime grazing ground that would be capable of producing crops of hay and silage. There are no entitlements with the property and the letting period extends to November 1, 2015.
At the letting auction two customers showed interest when bidding opened at €200/ac. The hammer came down at €290/ac.