South Tipp farm goes for €14,500/ac
A 30ac residential farm in the heart of South Tipperary sold at auction last week for €580,000 making a cracking €14,500/ac.
Killaloan House with its 30ac of land is located on the N24, about 6km from Clonmel. The land is described by John Stokes of REA Stokes and Quirke as top quality, self-draining tillage ground in great heart and with very little waste.
The holding has been let for a number of years and was well looked after in that time.
A small section at the lower part of the land that bounds a tow-path on the banks of the Suir can sometimes reflect its closeness to the river.
The house is described as a relatively small house in need of refurbishment and redecoration, not having been lived in for a number of years.
The 1,227 sq ft dwelling includes three bedrooms, a sitting room, kitchen and bathroom.
The residential portion of the property also includes a second unoccupied dwelling house.
There are few outbuildings aside from a few stone sheds and stables.
At auction John Quirke opened proceedings when he accepted a bid of €250,000.
With two bidders showing interest, matters were initially very slow to get moving with the price rising snail-like to €440,000 where the property was put on the market.
The bidding 'took off' at that point and continued briskly until the hammer fell at €580,000 where it was sold to local man who has interests overseas as well as land across the road from the farm.
Not far away in Carrick-on-Suir a local farm machinery businessman bought a 12ac parcel of ground that included an unfinished warehouse built in 2005-06.
The place sold under the hammer of John Stokes and made €970,000, more than doubling its guide of €440,000.
The property is situated at Tinvane on the Waterford road close to the town and comes with plenty of road frontage.
According to John Quirke the purchaser is a substantial local employer who intends to move his machinery business to the Tinvane property.
For Stories Like This and More
Download the Free Farming Independent App