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