Farming

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Bidders out in force at auction in Trim

Trim auctioneer Thomas Potterton had a good day in the auction room recently when he sold four properties under the hammer.

The first piece, a 54ac section of mature forestry on 55ac of land at Cranalach Mor near Edgeworthstown, Co Longford, fetched €125,000 under the hammer. Located on the Edgeworthstown to Granard road, the plantation is 30 years old and was planted before the current premium regime.

It consists of 33ac of Lodgepole Pine, 21ac of Sitka Spruce with 1ac not planted.

The property has a current felling licence with some of the crop ready for felling.

Three bidders sprung into action when the property opened at €60,000. The interested parties included a Roscommon man with timber interests and a Meath man involved in the design and repair of energy systems.

The price went up mainly in tranches of €5,000 until it reached €100,000. At this point the property went on the market and was eventually bought by the Meath man for €125,000.

Three properties, forming part of the estate of the late Phylis Gogarty, former postmistress at Summerhill, Co Meath, were then brought to auction.

The properties included a 15ac parcel of ground at Umberstown, Trim located two miles from Rathmolyon. Laid out in two divisions, with road frontage on to the Mill Lane, the property attracted two bidders when it opened at €65,000. Both bidders stayed with the sale until the property went on the market at €101,000 and sold for €105,000 or €7,000/ac to a local with a house on adjoining land. The man in question is the son of the person renting the parcel over the last number of years.

A 7.5ac parcel located at Dangan, three miles from Summerhill and four miles from Trim, forms another part of the estate of Ms Gogarty. This opened at €40,000 and sold at €50,000 or €7,000/ac.

Finally, the former post office and residence at Summerhill was offered. This extensive two-storey building on 7.2ac needs total renovation and opened at €60,000. Bidding, involving three locals, continued until it went on the market at €130,000 and sold under the hammer to a builder for €140,000.

Irish Independent