Farm Ireland

Wednesday 22 November 2017

Kildare grazing farm withdrawn after being bid close to a million

Jim O'Brien

Jim O'Brien

A 105ac farm at Calverstown Little near Kilcullen in Co Kildare sold after auction last week. It had been bid to €960,000 before being withdrawn.

The property is situated about 7km from Kilcullen between the Kilcullen/Carlow road and the Kilcullen/Athy road.

All in permanent pasture the land comes with 1km of road frontage, a natural water supply and excellent shelter. According to Paddy Jordan of Jordan auctioneers the place is renowned for its fattening qualities.

Approximately 18ac of the farm are under forestry in a mixture of hardwood and softwoods with three years left to run realizing an annual premium of €3,954.

At auction the property opened at €750,000 and with three interested parties showing cause the price rose to €960,000 when the auctioneer called a recess to consult with the vendor. He returned to the auction room and as no further bid was forthcoming the property was withdrawn at that price.

According to the auctioneer he 'tangled for a half an hour and did the deal." The property was sold for a figure higher than €960,000.

Westmeath sale

Further north a 65ac farm at Brownstown near Delvin in Co Westmeath sold at auction in recent weeks making €355,000 or around €5,400/ac.

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Located 6.5km from Delvin, 20km from Athboy and 24km from Mullingar the roadside farm is all under grass. According to Mr Murtagh the farm is a good, high, dry parcel of ground with plenty of road frontage.

"I suppose you could call it an organic farm," said the auctioneer: "It needs a bit of minding but it is free of any artificial manure or the like."

About half the farm is in good order and the other half needs attention.

There is a derelict building on the property and water is supplied by a well or by a river adjacent to the land. There could also be some quarrying potential as the land is in an area known for rich sand deposits.

At auction the property attracted the attention of two bidders when it opened at €240,000. It quickly rose to €350,000 at which point it went on the market. It sold at €355,000 to a farmer just across the border in Co Meath.

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