Farm Ireland
Independent.ie

Wednesday 25 April 2018

53ac Galway farm sparks bidding war

Ronnie Bellew

THE recent auction of a 53ac residential farm in south Galway drew a big audience as three bidders fought it out for a holding described by auctioneer Colm Farrell as "the nicest little farm in the county".

The property at Kilmona, North Ardrahan came to auction with a guide price of €450,000 and bidding opened at €380,000 and increased in increments of €5,000 before it was placed on the market at €420,000.

Two bidders remained and the property was sold for €435,000 to a man who lives near Galway city and is expanding his family's farming interests.

Located three miles off the N18, close to Labane and Ardrahan and adjacent to the Tulira Estate, the farm is typical of the holdings in the area with neat, hand built stone walls enclosing a patchwork of fields dotted with mature trees.

The ground is made up of free draining limestone soil and was grazed until recently.

The holding was worked with great care by a bachelor farmer, now deceased, renowned in the area for rearing high quality lamb.

Auctioneer Colm Farrell says the auction was also followed by a successful sale of farm implements and machinery from the holding.

MURROE

Also Read


The summer slowdown might explain the surprising lack of interest for a tidy roadside farm in Limerick, which was withdrawn from auction after it failed to attract any bidders last week.

There were no offers on the day for a 62ac roadside farm close to Murroe, Co Limerick, which had been guided at between €7,000-€8,000/ac by agents REA John Lee, Newport.

The agents have since received an offer and auctioneer James Lee says the property remains on the market for sale by private treaty.

Given the renewed interest in farm sales in this part of the country, he is confident of eventually achieving close to the guide price for the property.

Located at Murroe Wood, between Murroe and Newport in north Tipperary, the lands enjoy extensive road frontage.

Described as good grazing ground, the land needs some tidying and light cleaning. Laid out in five fields, the farm was drained and fenced a number of years ago by the current owner.

Irish Independent