Hectic bidding battle for prime Kilkenny ground
A strong price of €15,600/ac was paid for a 24ac parcel of grazing ground near Gowran in Co Kilkenny when it sold under the hammer last Friday for €375,000.
Located outside the village of Gowran on the Bennettsbridge road, the land is all in one field with excellent road frontage.
It is described by auctioneer Ed Donohue as the best of ground, "You could do anything with it," he said, adding "it hasn't an inch of waste, it was a pleasure to walk it."
Proceedings opened at auction when Mr Donohue accepted a bid of €225,000.
Initially there were three bidders in action and this was soon reduced to two but the price kept increasing and the farm went on the market when it reached €370,000.
The hammer fell at €375,000 and the property sold to a local buyer.
The underbidder was a solicitor acting in trust for a client.
Ed Donohue was very happy with the result and with the per acre price of €15,600. "I expected it to go well," he said, "but maybe not that well.
"When you have two bidders and they get stuck in, that's what happens."
Staying in that general area, a 62ac grass farm at Kilfeacle, Wolfhill in the southeast corner of Co Laois sold at auction last week for €353,000, making almost €5,700/ac.
Located 5km from Ballylynan, 8km from Stradbally and 11km from Athy, the property is divided by the public road with 59ac in one block at one side with 3ac at the other side.
Auctioneer Joe Coogan describes the place as "a good farm that could be a great farm" with a little investment and some tidying.
Given the topography of the area the land is slightly elevated yet is productive and fertile.
There are no buildings on the farm.
At auction the holding was initially offered in lots and when attention switched to the entire the lots were making €325,000.
However, the real interest was in the entire, which opened at €270,000 and with three bidders in the chase the price moved up swiftly. As the sale approached the final stretch two bidders remained, a local farmer and a Kilkenny solicitor acting in trust.
The hammer finally fell at €353,000 and the local farmer, a neighbour, won the day to the delight of the crowd that had gathered for the sale.
According to Mr Coogan the vendors and the purchaser were pleased with the result and the locals were glad to see the farm remain in the hands of a neighbour.
For Stories Like This and More
Download the Free Farming Independent App