Superb result for Carlow vendor
Published 02/08/2011 | 05:00
A local tillage farmer paid €350,000 or almost €11,500/ac for a 30.5ac non-residential farm at Burtonhall, Co Carlow on Thursday.
The farm exceeded the expectations of auctioneer Michael Lyng by selling for €50,000 over the pre-auction guide price of €300,000.
Located four miles from Carlow town and three miles form the M9, the farm was described as top-quality land, suitable for either tillage or grass. Two of the three divisions are currently under a crop of barley, while the remainder is under grass.
Both crops were excluded from the sale.
Bidding on the farm opened at €150,000 in front of a crowd of 30 people. Bidding proceeded in bids of €10,000 up to €280,000 and the farm was put on the market at €300,000. From there, ten bids of €5,000 each were received until it reached €350,000 and the farm was knocked down to a local tillage farmer.
Mr Lyng said the vendor was very happy with the price achieved.
"There are buyers out there for land at the moment," he said. "But land is about all that can be sold."