Farm Ireland
Independent.ie

Thursday 23 November 2017

Focus on lots proves fruitful in Meath sale

Two local people secured a 31.5ac non-residential farm at Liscarton, Navan, Co Meath, last week. The farm was offered for sale in two lots, 21ac and 10.5ac.

The lots were located around half a mile away from each other and were described by auctioneer Thomas Potterton, of TE Potterton Real estate Alliance, as good quality land.

Lot one, the 21ac portion, was divided into two fields and had good road frontage.

Bidding for this portion opened at €90,000 and attracted three bidders who drove the bidding upwards to €130,000, at which point the auctioneer consulted with the vendors.

Lot two consisted of 10.5ac of grazing land accessed via a cul de sac and divided into two fields.

Paused

Bidding on this portion opened at €100,000 and proceeded to €150,000 before the auctioneer again paused to consult with the vendors.

The farm was then offered for sale in its entirety but there were no takers.

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The 21ac lot was then put on the market and attracted two further bids before the farm was knocked down to an adjoining farmer for €151,000 (€7,200/ac).

The 10.5ac lot was withdrawn unsold from the auction but sold immediately afterwards to a local businessman, who owns land beside it.

It is understood that the selling prices were in the region of the €12,000-15,000/ac guide.

Irish Independent