September was a good month for land sales throughout the country with auction and pre-auction transactions delivering strong results.
Auctioneer Killian Lynch sold a 65ac residential farm just prior to auction last week. Located at Derryroe near Macroom in West Cork it came with over €6,000 per annum in entitlements and a guide price of €450,000.
The property comprises c40ac of top-quality pasture with the remaining c25ac in need of attention.
A 126ac residential farm at Ballinamona, Hospital, Co Limerick was sold in two lots by EJ Mitchell and Sons making €1.23m or over €9,700/ac.
Located about 5km from Hospital the main part of the roadside property includes a house and outbuildings on 98ac, of which 78ac is described as the best of ground. The residence is an extensive Victorian dwelling in need of complete refurbishment while the yard includes a wide range of dated outbuildings.
This part of the farm got one bid of €700,000 from a solicitor representing Shane and Donal Humphreys, local dairy farmers. The holding was withdrawn at that and sold immediately afterwards for €900,000 to the Humphreys.
An out-farm extending to 28ac located at Castlefarm, off the main Limerick to Hospital road, is described as the good grazing ground with plenty of road frontage. This opened at €170,000 and went on the market at €280,000. It sold for €330,000, or over €11,700/ac, to John Rafferty, another local dairy farmer.
Ballinasloe auctioneer John Dolan had all his expectations exceeded when a 19ac parcel of good grazing ground at Lispheasty, Eyrecourt sold under the hammer making €191,000 or over €10,000/ac. Guided pre-auction at €8,500/ac it was bought by a local beef and sheep farmer.
€1.29m in Meath
A 143ac residential dairy farm at Coolnahinch near Moynalty in Co Meath sold under the hammer of Raymond Potterton last week making €1.29m or just over €9,000/ac.
The holding is home to a two-storey house, a wide range of modern and older farm buildings, including some dairy infrastructure. The land is the best of ground laid out in divisions that are serviced by water and internal roadways.
At auction the farm was offered in lots, but the real action was with the entire which opened at €1.1m on the back of bidding on the lots. Three customers engaged and in bids of €25,000 and €20,000 drove the price until it reached €1.29m when the place was put on the market. The hammer fell at €1.29m and the property was bought by a local farmer.
Done deal in Kells
Pottertons also handled the auction of a 20ac holding at Rodstown, Kells. The non-residential holding in two divisions located close to the M3 motorway was withdrawn from auction after it was bid to €145,000 by two bidders. It sold after auction for a higher figure.