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Monday 15 October 2018

Californian bid changes course of Meath auction

 Stock photo
 Stock photo
Jim O'Brien

Jim O'Brien

A phone call from California changed the course of the sale of a 19.5ac residential holding at a place called Ballygortha, near Summerhill in Co Meath.

The property was withdrawn from auction at €225,000 and sold immediately afterwards for a considerably higher sum to the California based niece of the former owner.

Located 4km from Summerhill and 10km from Trim the land is located around an old bungalow farmhouse with accommodation that includes two bedrooms, a bathroom, a kitchen, a scullery, and a parlour.

Outside is a nice garden while the 19.5ac of land is laid out in small fields intersected with hedgerow.

There are some dated out offices with the property that has limited road frontage.

On the day bidding opened at €200,000 and two bidders in the room took to the fray.

Business was slow and at €220,000 auctioneer Thomas Potterton consulted.

When he returned from the consultation the phone rang and a caller from the state of California drove things to €225,000.

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At that point the property was withdrawn and after a short telephone negotiation it sold to the woman from the Golden State for a higher sum.

At the same auction Mr Potterton sold a 5.5ac parcel of ground at Addistown, Delvin in Westmeath but on the border with Meath.

The field is in fact bounded by a stream that divides the two counties.

At auction the land with possible site potential opened at €30,000 and moved up to €35,000 where it was withdrawn.

It sold to a local couple immediately afterwards for a higher sum.

Laois auction

Further south in Co Laois Paddy Jordan handled the sale of two parcels of ground located between Roscrea and Borris in Ossory.

One was a 24ac parcel of tillage ground at Kilmartin, Borris in Ossory and the other a 95ac with 60ac in tillage and the remainder in heavy ground at Ballaghmore, Borris in Ossory.

Both lots are described as great pieces of ground located on the old N7 within 3km of Borris on Ossory and 6km from Roscrea. The 24ac is all in tillage with easy access while the 95ac is in a mixture of tillage ground and softer land.

On the day the 24ac piece attracted no offer while the 95ac was bid to €720,000 before it was withdrawn. Mr Jordan then introduced the entire 119ac and this was bid to €965,000 when it too was withdrawn.

Since the auction the 95ac sold for a considerably higher sum than the €720,000 bid at auction and, according to the auctioneer, there is serious interest in the 24ac portion.

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