40ac Limerick farm flies past guide price
A 40ac holding at Toomdeely, Askeaton, Co Limerick was sold at auction last week for €370,000. At €9,200/ac, the sale price substantially exceeded the guide of €6,000/ac.
The land, which runs down to the Shannon, is drained and fertile and well looked after.
The farm is accessed by a tree-lined passageway leading to a yard with a derelict house.
The property carries entitlements of approximately €8,000/yr.
The auction in the GVM auction rooms, Limerick attracted a crowd of 30 people.
Bidding opened at €200,000 and with four local bidders in the frame the price quickly came to €280,000.
The property was put on the market at this point and bidding continued until the hammer fell at €370,000.