Farming

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126ac Toomevara farm makes €755k

A 126ac residential farm at Glenaguile, Toomevara, Co Tipperary sold in one lot under the hammer two weeks ago for €755,000 or just under €6,000/ac. This was somewhat lower than the guide of €7,000/ac.

Located four miles from Toomevara, the farm was brought to auction by DNG Michael Gilmartin, who described the holding as a quality, mature grassland farm. About 30ac of the land was described as high ground and some "very high".

The farm was offered in lots, with one section consisting of the house, yard and 100ac of land, including the upland.

The traditional farmhouse is in need of a lot of attention, while the yard consists of a haybarn, an open slatted shed, a closed shed and a range of stone buildings.

Across the road from the 100ac section is a 9.5ac parcel of quality grazing ground, while the portion included a 16.5ac parcel of fine grassland.

A large crowd gathered for the auction and proceedings opened with the various lots and the entire. It was soon clear that the entire would make more than the combined lots.

The property was placed on the market in its entirety and after a total of 46 bids the farm was sold to a local farmer for €755,000.

Meanwhile, a 74ac farm with a derelict cottage and outbuildings located at Ballinalick, Norwood, 9km from Nenagh, was withdrawn from auction recently at €650,000. The property came with a guide price of €10,000/ac.

The land is described by auctioneer William Talbot of Sherry FitzGerald Talbot as the best of limestone ground, all in grass, with 6.4km of road frontage.

The property is now for sale by private treaty and active negotiations are ongoing.

Irish Independent