Farm Ireland

Wednesday 21 February 2018

Big prices at land auctions in Limerick and Tipperary last week

Jim O'Brien

Jim O'Brien

A 41ac residential farm near Drangan, Co Tipperary sold under the hammer last week for €300,000.

With excellent road frontage on to two roads the property has views of Slievenamon.

It is described by auctioneer Pat Quirke as good ground but in need of reclamation. It was not farmed at all this year

The residence has been somewhat refurbished with rewiring, PVC windows and central heating but in need of modernisation.

The outbuildings include a stone coach house and an old two-column haybarn.

A well attended auction saw the holding offered in lots with the residence on 1ac forming one and 40ac of land forming another while the entire made up the final piece. On the day there was no bid for the residence while the 40ac of ground was bid to €270,000.

The entire was then introduced and this was bid to €300,000, at which stage the auctioneers withdrew for instruction.

On returning to the room P F Quirke put the entire on the market at €300,000 and it sold at that price to a neighbour.

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Limerick auction

A 48ac holding at Newtown, Clarina, Co Limerick was sold at auction last week for a total figure of €571,000 or almost €12,000/ac

Located about 10km from Limerick city the property is described by Tom Crosse as an exceptional holding with good out offices and two residential units.

The residential units include a four-bedroom bungalow in need of repair along with a derelict cottage while the outbuildings consist of a hay barn, a shed and other out-offices. This holding is made up of mainly good quality, well laid out agricultural land with some corcas ground and plenty of road frontage.

Tom Crosse was delighted with the auction, which attracted upwards of 60 people.

The vendors were the representatives of the late Michael Potter deceased and while interest in the property came from far and wide on the day the place was sold in four lots all of which were bought by locals.

The first lot comprised of 6ac with no buildings or out offices sold to a local for €100k.

The second lot consisting of the two dwellings and the outhouses on 6ac sold to another local for €235,000.

The third lot consisting of 22ac of land sold for €150,000 while 12ac of corcas ground sold for €56,000.

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