In one of the last auctions of the year Murtagh Brothers, Mullingar sold two non-residential farms in Co Longford. These included 23ac holding at Granardkill, Granard that sold for €226,000 or over €9,800/ac. A 29ac holding at Moatfarrell, Edgeworthstown sold at the same auction for €272,000 or over €9,300/ac.
The auction was very well attended with in excess of 50 people and upwards of 12 bidders. The land at Granardkill was offered first.
This is described as a 23ac block of land located a mile outside of Granard and recognised as one of the best pieces of land to come on the market in Co Longford in quite a number of years.
The bidding opened at €120,000 and the price rapidly increased in increments of €5,000 to €210,000 with two main bidders fighting it out.
The bidding continued in €2,000 increments and the holding went on the market at €224,000 before being sold at €226,000. The purchaser was a local solicitor acting in trust.
Attention then turned to the 29ac at Moatfarrell - a beautiful holding in very good condition, with a tidy farmyard and excellent road frontage.
This was a hotly anticipated piece of property with seven bidders in contention.
Bidding opened at €100,000 and within a few minutes the price stood at €255,000. It was put on the market at this sum and was eventually bid to €272,000 by a local farmer and businessman before the hammer fell.
In another late auction, Joseph Coogan of Castlecomer sold a 20ac parcel of grazing land at Clogrennan, Bilboa, Co Laois for €140,000 or €7,000/ac.
Located not far from Killeshin, where Laois, Carlow and Kilkenny meet, the land is described as premium pasture land suitable for meadowing or summer grazing.
Proceedings opened at €80,000 and with three locals in the chase matters proceeded apace until the property went on the market at €105,000 and eventually sold to one of the local bidders for €140,000.
Meanwhile, Jordan auctioneers sold 13ac of potential development land on the outskirts of Portlaoise in Co Laois for €255,000 or €19,500/ac exceeding its guide by €6,500/ac.
The property fronts on to Higgs Lane off the old Dublin road and is adjacent to a mix of farmland, housing developments and zoned lands.
According to Clive Kavanagh of Jordans, the land, which is all of good quality and in one division, attracted interest from local farming and business interests but a local farmer bought the property.
Meanwhile a 10ac parcel of ground at Barrettstown near Newbridge in Co Kildare was sold at auction by Jordans for €192,500 or a strong €19,250/ac.
Situated two miles east of Newbridge and four miles from Naas, the lands are laid out in grass.
Set in a quiet rural setting, with views of the Wicklow Mountains, the River Liffey bounds the property on one side.
Another boundary is formed by fine tree stands with road frontage on to the Barretstown Road forming the boundary at the approach.