Farm Ireland
Independent.ie

Saturday 20 January 2018

Kerry-based residential farm on 111ac goes under hammer for total of €754k

Jim O'Brien

Jim O'Brien

These are unpredictable times in the auction rooms. In racing parlance, some of the hot favourites are failing to pass the post and while quite a few long shots are getting in by a nose, few are romping home.

Last week a residential farm extending to 111ac at Lahardane near the seaside town of Ballybunion, Co Kerry sold at auction in four lots for a total of €754,000 or almost €7,000/ac.

Located a mile from Ballybunion, the property included an old farmhouse and a traditional farmyard that included a haybarn, lean-to cubicle houses and cattle handling facilities.

Derry Daly of Jim Finucane Auctioneers put the property to the auction room in lots. The first section comprised 35ac at Farranpierce. The house and yard on 70ac at Lahardane made up a second lot, while a 4ac parcel at Lahardane and a 1.7ac block at the same address were sold separately.

The 35ac parcel is all in grass and in need of attention. It sold under the hammer for €160,000 or just over €4,500/ac. Meanwhile, a local farmer paid €550,000 for the house and yards on 70ac. The 4ac parcel sold for €33,000 while the last piece, a 1.7ac plot, was sold for €11,000.

Staying in Munster, a 14ac parcel of good grazing ground at Barnakyle, Patrickswell, Co Limerick sold at auction for €153,000.

Under the direction of Tom Crosse of GVM, the bidding opened at €80,000 and the land was put on the market at €125,000. Three local men fought it out until the gavel fell and the property sold for almost €11,000/ac.

WESTMEATH

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More than a few miles to the north, a 32ac non-residential farm at Glascorn, Rathconrath, Co Westmeath sold after auction last week for a figure believed to be close to its guide price of €200,000.

Located seven miles from Mullingar, the lands are all in grass and described by Dylan Murtagh of selling agents Murtagh Brothers as of excellent quality.

When the property was introduced there was one bid of €150,000 after which the property was withdrawn.

It sold immediately afterwards, however, to an adjoining farmer for a figure closer to the guide.

MEATH

Thomas Potterton wasn't so fortunate with the auction of a 60ac farm at Phillinstown, Co Meath.

Offered in lots, a 31.5ac parcel opened at €140,000 and was bid to €150,000 at which point it was withdrawn. A second lot of 28.5ac attracted one bid of €140,000.

After auction the auctioneer was offered €170,000 by the highest bidder for the 31.5ac and €155,000 by the highest bidder on the 28.5ac section.

Negotiations are continuing with the higher bidders and, while there is some way to go to the overall guide of €380,000, Mr Potterton is confident of securing a sale.

Irish Independent