Farm Ireland
Independent.ie

Thursday 18 January 2018

Coole 250ac farm expected to reach €1.8m at auction

Some of the larger farms coming on the market at the moment are located in Co Westmeath. Among these is a 251ac residential farm at Ballynameagh, Coole.

The grassland farm is coming to auction in its entirety or in lots with a guide price of €1.8m, or more than €7,000/ac.

Located between Castlepollard and Coole, the farm is divided by a public road, with the house and 60ac on one side and the remaining 191ac on the other.

The River Glore flows through the farm.

The residence suffered fire damage and, according to joint auctioneer Paddy Murray of Murray Auctioneers, Castlepollard, it will require considerable renovation.

Traditionally the farm was known as one of the best-run enterprises in the county and has been rented for a number of years during which time it was farmed for drystock.

The beneficiaries of the estate of the late owner are offering the property for sale.

According to Mr Murray the land is excellent ground with the best located around the house, with about 10ac near the river needing attention.

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Divided into large fields by good stock-proof fencing, the holding is well watered by a mains supply and the river.

The yard is of the traditional kind, consisting of a number of dated farm buildings.

The farm is attracting much viewing with great interest being shown by prospective customers from the dairy sector ahead of the 2015 lifting of EU milk quota restrictions.

The auction will see the property offered in lots, all of which have road frontage.

The entire will form lot one, lot two will consist of a parcel of 45.7ac, lot three consists of 146.424ac, while the last lot consists of the house and yard on 59.15ac.

Joint agents Murray Auctioneers and Sherry FitzGerald Davitt & Davitt will oversee the sale at Hotel Castlepollard at 3pm on Friday, May 2.

Indo Farming