Farm Ireland

Sunday 17 December 2017

Former Land Commission holding sells for €12k/ac

Jim O'Brien

Jim O'Brien

Sales of land continued up right to the end of the year with good prices achieved.

Just before Christmas a 45ac Co Meath farm that includes an old Land Commission house sold in lots under the hammer making €550,000 or over €12,200/ac.

The first lot included 21ac of ground along with a residence and an old farmyard located at Donaghpatrick, Navan 3km from Kilberry and10km from Navan.

According to John V Farrelly of DNG Royal County the grazing ground laid out in two divisions is in great heart.

The house is an old mass concrete Land Commission structure that needs complete refurbishment.

Another 19.5ac parcel belonging to the same farm located at Oristown and Teltown near Kells also sold. The parcel is in one division and has 189m of road frontage with a yard that includes a haybarn and a lean-to serviced with mains water.

The final lot was a 4.65ac piece in one division with poorer ground and with 96m of road frontage.

On the day the 21ac parcel with the residence opened at €150,000 and with three bidders in action it sold for €250,000.

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The 19.5ac piece attracted two bidders when it opened at €180,000 and it too sold under the hammer for €250,000.

Finally, the 4.65ac opened at€30,000 and sold under the hammer to a local farmer for €50,000.

Limerick farm

Further south in Limerick Richard Ryan of GVM Kilmallock sold a 47ac residential farm at The Lodge, Ballingoola, Grange in Co Limerick after auction.

Located outside Limerick City on the Kilmallock road the property extended to 35ac of decent grazing ground along with 10ac of summer grazing.

Two bidders took to the fray when the property opened at €300,000 but when it reached the €390,000 mark bidding stopped and the property was withdrawn.

Negotiations began with the highest bidder and the farm was sold for a higher sum to a man in the locality with farming and business interests.

Indo Farming