Farm Ireland

Tuesday 22 May 2018

Kilcock farm sells for €1.1m

Jim O'Brien

Jim O'Brien

A non-residential farm extending to 128ac at Kilcock, Co Meath was sold recently by private treaty for €1.1m or €8,593/ac.

The property was originally offered for sale by public auction in December 2012 but was withdrawn at €850,000.

Located at Longtown, four miles from Kilcock and close to the Meath/Kildare border the farm, which has no buildings, is in permanent pasture but needs investment.

According to Eamon O'Flaherty of Property Partners Brady of Maynooth, the holding attracted widespread interest.

The eventual purchasers were a Co Tipperary business family with farming interests while the under-bidders were a Donegal farming family. Mr O'Flaherty said the sale was indicative of a strong demand for large grassland farms in the region.

At a public auction earlier this month Mr O'Flaherty sold 11ac of agricultural lands near the village of Clonbullogue in Co Offaly for €140,000 or €12,727/ac.

Located 7.5km from Rathangan, the area around Clonbullogue is well known for parachuting and skydiving.

The 11ac of land sold at the recent auction was earmarked for significant development during the 'noughties' but was bought back by local farmers at the recent auction.

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