Farm with tillage potential makes €7,000/ac
Mullingar was busy on Friday last, December 8. The traditional start to the peak period of Christmas shopping is marked by a surge in rural shoppers. In the days when this was a church holiday 'of obligation' rural shoppers invaded provincial towns and the cities to get a head start on provisioning for the festive season.
While the streets were bustling with trade, shoppers of a different kind gathered in the Greville Arms hotel for the auction of a 46ac farm at Riverdale, Raharney. It sold immediately after auction for a figure said to be in excess of the guide of €320,000. It was bought by an agent believed to be acting in trust for a local farmer.
Located on the Westmeath side of the border with Meath, the roadside property is 3km from Raharney and 8km from Killucan with 500m of road frontage. The holding, described as 'good early land', is in six fields divided by traditional hedgerow. Auctioneer Padraic Murtagh of James L Murtagh says the place has definite tillage potential.The road frontage could also deliver some site potential as there are three houses built on land that was once part of the farm.
Bidding opened at €250,000 and was bid to €255,000 where it held. It was withdrawn at that juncture and negotiations ensued that saw it sell to the highest bidder for a figure higher than €320,000.
Padraic Murtagh's auction season concludes next Friday, December 15 with the sale of a 70ac non-residential farm at Walshestown, 4km from Mullingar. The property is guided at €350,000 or €5,000/ac. The holding comes with a number of stone farm buildings and a livestock holding yard. The farm is laid out in five fields of mainly good fertile ground. Up to 59ac is in grass with 11ac in forestry ready for thinning.