Farm Ireland

Monday 11 December 2017

Crowds come out to witness Cavan sales

Jim O'Brien

Jim O'Brien

A full house of up to 140 people crammed into the auction room at the Bailie Hotel, Bailieborough, Co Cavan, last week for the sale of three properties.

Auctioneer TM Smith began proceedings offering a 65ac residential farm at Lisball, Bailieborough. The holding drew the attention of a number of interested parties before it sold under the hammer for €358,000 or €5,500/ac.

Described by Mr Smith as a rich dry fertile holding with extensive road frontage, the property included a good range of farm buildings. These included nine stables, a slatted shed and a haybarn and lean-to.

The traditional farmhouse is set in well-maintained surrounds with accommodation that includes three bedrooms, a reception hall, entrance hall, kitchen, dining room, scullery, utility room and sitting room.

Bidding opened at €250,000 and with five customers showing interest the price climbed to €325,000.

Mr Smith consulted with the vendors at this point and returned to the auction room where the figure soon reached €341,000.

The property was put on the market at that point and sold eventually to a local farmer for €358,000.

The second property for auction, a 27ac roadside farm at Carnagarve, two miles outside Bailieborough, also attracted lively interest.

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This holding brought out four bidders when it opened at €80,000.

After some brisk bidding it went on the market at €150,000 and sold for €165,000 or just over €6,000/ac.

Finally, Mr Smith sold an unfinished rural bungalow on 1ac located at Lisball, Bailieborough. The house, which was block-built and roofed, was guided at €18,500. It went on the market at €20,000 and sold for €32,500.

Irish Independent