Farm Ireland

Tuesday 25 October 2016

Strong auction sales in the west and east

Published 05/10/2016 | 02:30

A 93ac farm with a renovated bungalow residence and a modern yard located near Claremorris, Co Mayo sold after auction last week making somewhat more than the highest bid of €737,000.

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Located at Raith, Barnacarroll, the farm is 5km north of Claremorris fronting a side road just off the N17. In two folios it comprises 84ac of grassland and a 9ac parcel of active bog.

The grassland is laid out in eight well-fenced fields and described as quality ground with extensive road frontage.

There are substantial farming facilities on the property including a large cattle yard, a silage yard and a modern steel framed double slatted shed along with a 10 ton meal bin. The residence is a concrete built, three-bedroom bungalow extending to 1,172 sq ft and entirely renovated within the last five years.

The auction held at the offices of Ganly Walters attracted two active bidders when the bidding opened at €650,000. The amount on offer increased steadily until the place was withdrawn at €737,000. It sold immediately after the auction for a higher figure.

Kildare land makes €18,000/ac

Meanwhile in Kildare Paddy Jordan sold a 15ac field at Millicent South located 2km from Sallins and 5km from Naas. At auction the parcel made €270,000 or a very strong €18,000/ac.

The parcel is located in good farming country but is also in the heart of the Dublin commuter belt. There is road frontage on to a main road and a cul-de-sac it should have some residential potential.

At auction the property opened at €100,000 and even with four bidders in action Paddy Jordan described the going as 'sticky.'

At €180,000 the auctioneer consulted with the vendor and after returning to the room a further bid saw the price rise to €185,000 at which point it was put on the market. At that stage the bidding 'took off' according to Mr Jordan and the hammer fell at €270,000 when the place was bought by an agent acting in trust.

Mr Jordan was not quite as fortunate with a 64ac grass farm at Ashgrove, Kildangan not far from Monasterevin. The farm attracted poor interest at auction but Mr Jordan is in active negotiations on the private treaty market.

€13,000 an acre in kilkenny

Kilkenny auctioneer Ed Donohoe had good day when he sold a 90ac farm at Stoneyford Kilkenny under the hammer for €1.17m or €13,000/ac.

Located 13km from Kilkenny and 3km from Stoneyford the lands are all in one block with frontage onto the Kilkenny/Stoneyford road and further access off the Ennisnag/Stoneyford road via a quiet cul-de-sac.

The farm was once a dairy holding but has been in tillage in recent years and the current layout has 70ac in tillage, 15ac in grass and 5ac in forestry. The only buildings on the property include an old milking parlour and an old slatted unit.

On the day the property opened at €800,000 when three bidders took to the fray. The price moved swiftly in increments of €25,000 until it reached €900,000. Mr Donohoe consulted with the vendor and returned to the room where the bidding resumed and at €1m the place was put on the market.

The bids kept coming in tranches of €5,000 until eventually the hammer fell at €1.17m when the holding was bought in trust by an accountant believed to be acting for a local farmer.

Indo Farming


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