Farming

| 15.7°C Dublin

Cork residential farm sells for €10k/ac

A price of €680.000 of close to €10,000/ac was paid recently for a 67ac residential farm at Sorrell, Ballyhea in north Cork.

Kilmallock auctioneer Paddy Carroll handled the sale of the property which is located 3.2km from Ballyhea church.

The holding was described by Mr Carroll as the finest of land laid out in easily managed divisions that are well fenced and watered.

The place comes with plenty of road frontage and a typical rural bungalow with four bedrooms.

Bidding on the farm opened at €450,000 and in bids of €10,000 two solicitors and a local farmer moved the price quickly to €600,000. After an adjournment the price rose to €650,000 and following a further adjournment it reached €680,000. The property went on the market at that price and later sold to a solicitor believed to be representing a local farmer.

Carlow

Moving to the southeast, Dawson Auctioneers of Tullow secured strong prices for two parcels of Carlow land. Located about one mile apart at Newtown, Nurney, the properties were part of an executor sale. The first section ,comprising 26ac at Augha, Newtown sold under the hammer for €280,000, or more than €10,800/ac

Located about two miles from the village of Fenagh on the Newtown/Nurney road, the holding was described as solid dual-purpose ground with good road frontage.

Proceedings opened when a bid of €200,000 was accepted by the auctioneer and with three bidders in the chase the property was knocked down to a local farmer at €280,000.

The second parcel extending to 37ac and located off the Newtown/Fenagh road was withdrawn at €220,000 and sold after auction.

Also described as the best of dual-purpose ground this parcel has no road frontage and is accessed by a lane.

It opened at €150,000 and went to €220,000 before being taken off the market and sold for a higher price after auction. The buyer is believed to be a local farmer.

Wexford

In Co Wexford, David Quinn of Quinn Properties sold a timber-built cottage on 22ac under the hammer for €320,000.

Located 1km off the N11 at Toss Byrnes, the farm is 8km north of Gorey and 4km from Kilanerin.

The residence, a one bedroom timber dwelling, is set in a traditional farmyard.

The lands are described as top quality grass and tillage ground and come with extensive frontage onto two local roads and a stream bounding the other two sides.

At auction the property was offered initially in two lots.

The cottage on 1ac was making €55,000 and the second lot comprising 21ac of land was making €215,000, before the entire was offered.

This opened at €280,000 and was bid to €310,000 when it was put on the market and sold for €320,000 to a local couple.

Offaly

A parcel of 12ac at Gurteen, Killeigh, Co Offaly sold at auction last week for €107,500 or almost €9,000/ac. Located at Gurteen Bridge about two miles from the village, the land is described as roadside grazing ground by Peter Scully of GVM, Tullamore.

Indeed, people from all across the south on their way to the annual Tullamore Show pass this particular piece of ground having been diverted at Killeigh.

A number of local people attended the auction and the sale was eventually fought out by two bidders. Mr Scully opened proceedings at €50,000 and the price on offer soon rose to €70,000, in bids of €5,000, and then to €80,000.

At €90,000 the auctioneer consulted with the vendors and returned to the auction room where the bidding continued until the hammer came down at €107,500 when the property sold to a local man.

Indo Farming