56ac Athlone farm makes €8,750/ac
A 56ac farm at Kilgarvin, Fardrum, two miles from Athlone on the Birr road, was sold at public auction in two lots, making a total of €490,000 or €8,750/ac.
The first lot comprised of 23ac of grazing ground with frontage on to the N62 between Athlone and Ballinahown. Serviced by water, electricity, a shed and cattle-handling facilities, the land is in great heart and laid out in a number of manageable well-fenced paddocks.
Bidding continued briskly until the price on offer reached €210,000, at which point the auctioneer Francis Kearney consulted the vendor and it was agreed to put the parcel on the market. It sold at that to an adjoining farmer.
The auction continued when a parcel of 33ac with frontage to a side road off the N62 was offered for sale. The parcel is described by the auctioneer as a fine piece of grazing ground.
Divided by an internal roadway, each side with public road frontage, the piece has good development potential for a residence or two, subject to the required planning permission.Bidding opened at €250,000 and quickly reached €280,000. The property was put on the market at that and sold to a local progressive dairy farmer.
In Co Wicklow, a 50.5ac residential farm at Ballybeg, Ballinglen, Tinahely in Co Wicklow was guided at €380,000 but surpassed the guide at auction when it made €580,000. It sold in four lots, three of which were bought by a farmer from Gorey.
Located 3km from Tinahely just off the Ballinglen road the property is described by auctioneer David Quinn as a good grass farm with some hill rights.