Farm Ireland

Monday 23 October 2017

€1.7m paid for tillage farm at Thomastown

Jim O'Brien

Jim O'Brien

A tillage farm extending to 108ac at Thomastown, Co Kildare sold under the hammer last Friday for €1,760,000, or more than €16,000/ac, after one of the stronger auctions of the year.

Located 5km from Kildare, 3.5km from Rathangan and 5km from the M7, the property is described by selling agent Paddy Jordan as comprising some of the best tillage land in Co Kildare.

The soil is classified under the Elton Series in the Soils of Co Kildare as being among the prime limestone lands in the county.

Situated on the R401 with extensive road frontage on two roads, the land is all in one block and laid out in three large divisions.

Currently in winter corn, the holding is renowned for its high yields and according to Mr Jordan the ground is also ideally suitable for grazing.

There are no buildings on the property but it brings with it a single farm payment in excess of €22,000 per annum.

On auction day the bidding opened at €800,000 and three interested parties showed their hands.

The price quickly passed the €1m mark and Mr Jordan put it on the market at €1.4m. Bidding continued apace until the property was eventually knocked down at €1.76m to a local tillage farmer.

Also Read

Indo Farming