22ac in village of Ballybrittas sold for €254k
A parcel of ground extending to 22ac in the centre of Ballybrittas, Co Laois sold at auction last week for €254,000 or €11,500/ac.
Fronting the old N7 Limerick to Dublin road between Ballybrittas and Monasterevin, the land is also close to the M7 motorway.
The grassland holding is all in one block, sloping in a westerly direction. According to Paddy Jordan of Jordan Auctioneers, the property is, in the main, of good quality, but with a section that is low-lying and heavy.
The holding has agricultural and development value thanks to its location near the village of Ballybrittas, adjoining a petrol station and across the road from a new housing development.
Under the Laois County Development Plan 2011-2017 the lands are zoned for 'Enterprise and Employment'.
Before a small attendance, the property opened with an initial bid of €125,000 as two active bidders followed from that point. The holding was put on the market at €225,000 and the two bidders fought it out until the hammer fell at €254,000. The purchaser is believed to be a farmer from the general area.