Farm Ireland

Saturday 21 April 2018

Farm sold for €11k/ac

A 209ac residential farm, four miles from Newbridge and Naas, Co Kildare, and divided by the M7 motorway, sold in three lots at auction last Thursday for a total of €2,375,000, or €11,363/ac.

A 120ac section of the holding, which came a single-storey farmhouse in need of repair and extensive farm buildings, sold to a local farmer for €1.72m, or about €14,500/ac.

A 58.8ac section of wetter land was bought by the same farmer for €410,000, or almost €7,000/ac.

The remaining 31.4ac on the opposite side of the motorway to the main farm was bought by a non-farmer for €245,000.

Jim O'Brien

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