Co Dublin farm sells for more than €12,800/ac
Evan Lonergan of HT Meagher O'Reilly had a pep in his step after the successful sale of a 160ac farm at Ballyboughal, in north Co Dublin.
The land was withdrawn from auction at €2,050,000 or €12,800/ac, and sold immediately afterwards to the highest bidder, a local farmer, for a figure said to be substantially higher than the final offer.
Located at Ballyboughal, the property extends right into the village, and was earmarked for development during the boom years.
There is good road frontage onto The Naul road, which makes the property accessible for machinery or could provide an opportunity for converting the farm into a residential holding. The land is currently under a crop of winter wheat, and is described as the best of tillage ground.
A crowd of 40 people showed up for the auction and auctioneer James Meagher opened proceedings when he accepted a bid of €1.2m.
With three bidders on board the auction continued until the property was withdrawn at €2,050,000.
Negotiations opened immediately with the highest bidder and the property sold for what Evan Lonergan described as a "substantially higher figure".