Tipp land sells for over €12,500/acre
Published 25/11/2015 | 02:30
Tipperary land rarely disappoints in the auction rooms and auctioneer Pat Quirke of PF Quirke was certainly happy when a 41ac parcel of ground at Ballybrado, Cahir sold under the hammer last week for €515,000 making €12,560/ac.
The land is situated close to Cahir, on the Ardfinnan side. All in stubbles, the ground has been ploughed for many years and is described by Mr Quirke as the best of South Tipperary land, "it is in great heart, very fertile and has good road frontage."
A crowd of up to 20 people attended the auction and two strong bidders made an occasion of it. From the outset the price was healthy and an opening bid of €450,000 marked everyone's card.
Increasing in €10,000 increments the price went quickly to €510,000 when the property was put on the market where one last bid of €5,000 secured the place for a final price of €515,000. The buyer was a local farmer and, according to the auctioneer, all the interest was local.
Mr Quirke is also handling the private treaty sale of 60ac of ground at Clashganny, Newcastle near Clonmel that comes with a 1/44th share to 2.290ac of mountain grazing ground.
The guide price is €475,000 and there is currently an offer in the mid €400,000s on the holding.
Located 13km from Clonmel the 60ac is described by Mr Quirke as good grazing land that is all under grass. Aside from 5ac of low-lying ground, it is in the best of condition and there is an old traditional farmyard and a house that has been unoccupied for 20 years.