Farm Ireland

Saturday 18 August 2018

Cavan farm in permanent pasture goes for €5,500/ac

Jim O'Brien

Jim O'Brien

Oldcastle auctioneer Martin Shortt recently sold a property in three distinct lots making €392,000. Located at Cloughbally, Mullagh and Carricksimon, Virginia, the holding consisted of two farms and three derelict houses owned by one family.

A 19ac block of land located at Cloughbally close to Mullagh was the first to sell. Made up of good agricultural ground in permanent pasture it attracted three bidders when it opened at €80,000. The auction was brisk and the hammer fell at €105,000 when the place made over €5,500/ac.

A parcel of 27.2ac of decent agricultural land with a derelict house at Carricksimon, Virginia opened at €170,000 and with five bidders in the chase, it sold at €235,000 making over€8,600/ac.

Also at Carricksimon, Virginia a 0.74ac site with a derelict residence sold under the hammer for €52,000.

According to Joan Gilsenan of Martin Shortt auctioneers both larger parcels of ground are in good heart and ideal as additions to any existing enterprise or as hobby or part-time farms.

Also Read

Indo Farming

Get the latest news from the FarmIreland team 3 times a week.

More in Property