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Saturday 24 February 2018

Local farmer sees off rival bidders for Golden farm

At auction the 119ac attracted three bidders, two solicitors and a local farmer. Stock image
At auction the 119ac attracted three bidders, two solicitors and a local farmer. Stock image
Jim O'Brien

Jim O'Brien

A 130ac farm at Golden between Tipperary town and Cashel was sold at auction at Cashel Mart last week making a total €2.23m.

A 119ac portion sold for €2.1m making a massive €17,650/ac while a 10ac piece under potatoes made €132,000 or €13,200/ac

Both parcels have extensive road frontage with the larger portion fronting on to the N74 between Golden and Cashel on one side with frontage on to the New Inn road on the other.

The 10ac piece is in potatoes at the moment and has frontage on to the New Inn road and on to a by-road. This latter piece has entitlements of €1,099.74, while the larger piece has entitlements of €16,293.79.

The 119ac is in a mix of tillage and grass with four fields under tillage and the remaining eight in grass. The grazing ground is in great order with a fine sward of grass while the fields are divided by traditional well-maintained hedgerow.

At the centre of the farm is a yard made up of a five column round roof shed with lean to, collecting area and cattle handling facilities.

The buildings are all in open spaces that were used mainly for machinery or fodder storage but have potential for any use.

At auction the 119ac attracted three bidders, two solicitors and a local farmer. Proceedings opened at €1.2m and moving in tranches of €50,000 and €25,000 the price quickly reached €1.6m where it was put on the market.

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However, matters continued with some intensity after that until eventually the hammer fell in favour of a local farmer at €2.1m or €17,650/ac

The 10ac of potato ground opened at €100,000 and with two bidders showing cause it was put on the market at and sold at €132,000 to a local farmer.

Alison De Vere Hunt of Cashel Marts was delighted with the sale, saying: "We had guided the sale at €12,000/ac and we were delighted with the outcome."


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