Farm Ireland

Sunday 17 December 2017

€760k for 78ac Co Meath farm

Jim O'Brien

Jim O'Brien

There is mixed news from the auction rooms this week. A 78ac residential farm at Bective in Co Meath sold for €760,000 under the hammer of Navan auctioneer John Harrington, while a 76ac farm at Kells was withdrawn by the same auctioneer.

Further west, Martin Tyrell of Tuam withdrew a 17.5ac parcel of ground.

The 78ac residential farm at Bective on the Trim road is made up of 65ac of tillage, 13ac in grass and came with a guide of €830,000.

The house is a traditional two-storey farmhouse in need of complete modernisation while the land is described as good ground suitable for tillage and grass.

The farm was offered in lots but the only real interest was in the entire that attracted three bidders when it opened at €600,000. Bidding was steady to €725,000 when the property went on the market and sold to a local farmer for €760,000.

The second 76ac farm located at Springville, Kells was withdrawn after bids on its various lots failed to meet the expectations of the vendors.

The land is described as good ground with generous road frontage and includes a neat bungalow in good repair, a yard with useful sheds and an out-farm, also with a yard. According to John Harrington Jnr there is keen interest in the separate lots of this property since the auction.

West of the Shannon, Tuam auctioneer Martin Tyrell withdrew a 17.5ac parcel of land at €95,000.

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Located at Bunasilla, Caherlistrane, the 17.5ac parcel is described as very good grazing ground in good heart that is well fenced and well watered.

Two bidders showed cause when the auction opened but the property, which was guided at €10,000/ac was withdrawn at €95,000. Mr Tyrell is engaged in intense negotiations to close the sale.

Irish Independent