Farm Ireland

Monday 26 February 2018

Fine 18ac parcel of ground in Meath withdrawn from auction

A 17.99ac parcel of ground in Co Meath was withdrawn from auction last week. The holding at Woodcockstown, Drumree was brought to market by Doyle Auctioneers, Maynooth.

Sean Doyle described the property, which is located on the Summerhill to Dunboyne road, as a fine piece of ground in an excellent farming area.

"I thought we'd get it over the line but on the day it didn't quite happen," Mr Doyle said.

The land came with a guide price of €160,000 and was withdrawn at €135,000.

A nice crowd turned up for the auction of the land which is in two parcels and all in grass.

There was limited road frontage of approximately 55m which would have been adequate for machinery access and would equally have offered site potential.

Three bidders showed interest when the auction opened at €120,000.

But when the price on offer reached €135,000, or €7,500/ac, the bidding for the farm stopped and the property was withdrawn.

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Mr Doyle was disappointed with the outcome but is in active negotiations with the highest bidder.

Staying in the midlands, Portarlington auctioneer, Matt Dunne, recently auctioned a 48ac holding with an old residence and 15ac of turbary land at Brackagh, Mount Lucas, Tullamore.

Located nine miles from Edenderry, nine miles Portarlington and 15 miles from Tullamore, the property is described as a compact holding comprising good grassland that is well fenced, has mains water and a new farmyard.

Four bidders showed interest when proceedings opened at the East End Hotel Portarlington.

The opening bid of €300,000 gave way to further bids until the price on offer reached €373,000, at which point the property was withdrawn. Negotiations are continuing for the holding.

Meanwhile, in a sign of the times we live in, a public house in the Co Laois village of Clonalsee was brought to market recently by auctioneer, Matt Dunne. It was bought for €170,000 by local man Fergal Poole who has been living abroad for the last few years.

Jim O'Brien

Indo Farming