| 16.6°C Dublin

Farm parcels slow to sell

It was a case of two out of three ain't bad when a 29ac residential farm at Oristown, Kells, Co Meath, (below), went for auction in lots last week. Lot one, comprising a two-bedroom bungalow in need of modernisation on 13ac was withdrawn from auction at €130,000 and sold after for €195,000.

The second lot, a 5ac parcel of tillage, was withdrawn and is now for sale by private treaty with a guide price of €55,000. The final 11ac parcel of land in tillage, sold under the hammer for €116,000, or over €10,500/ac.

Meanwhile, a 22ac residential farm at Martinstown, Kilmallock, Co Limerick was withdrawn from auction on Friday after bidding stalled at €230,000. The sale had been guided at €300,000.

The property includes a renovated four-bedroom farmhouse and a single farm payment of €3,151. Proceedings opened at €175,000 and the property was withdrawn at €230,000. Mr Flynn is in negotiations to close a sale.

A 52ac farm in the environs of Thurles, that included the ruins of an old mill failed to sell at auction on Friday last.

In five lots ranging from 2ac to 15.5ac the sale was guided at €15,000/ac but according to auctioneer Sean Spain the property failed to raise satisfactory bidding. The land is now for sale by private treaty.

In further auction news, a 54ac farm at Bolinready, Ballycanew, Gorey failed to sell under the hammer.

However, one 42ac lot under spring cereals and grass received an opening bid of €300,000. It was eventually sold after the auction for a higher figure.

A 12ac piece under tillage was bid to €90,000 and withdrawn.

Indo Farming