Withdrawn Louth farm completed in post-auction deal
Published 16/03/2010 | 05:00
A 42ac holding in Co Louth sold after auction for an undisclosed amount.
The property at Tanksardsrock, Kilkerley, was withdrawn at €540,000 but after negotiations with the highest bidder a deal was agreed for a higher amount.
The selling agents, Sherry FitzGerald Carroll, were quoting a guide price of €555,000.
Auctioneer Brian Carroll said there was a lot of interest in the sale and about 50 people attended last Monday's auction.
Bidding on the property opened at €350,000 and, after 16 bids, it was withdrawn at €540,000.
Prior to the sale, Mr Carroll had predicted there would be a lot of interest, given the shortage of land for sale in the north Co Louth and border regions.
The farm is also well located at Kilkerley, just three miles outside Dundalk on the main Carrickmacross to Castleblaney road, and it is only five miles from Northern Ireland.
The farm consists of 45ac of land, contained in five adjoining fields, which are well drained and have rolling contours and a warm, southerly aspect.