Meath lands make from €9,300/ac to 12,600/ac at auction
A 95-acre farm near Kinnegad, Co Meath, was bought at auction last week by a local farmer for €886,000 or €9,300/ac.
The holding at Ard-namullan, 1.5 miles west from Clonard and one mile from Kinnegad, had full planning permission for a substantial residence and stables.
Trim auctioneer Thomas Potterton said that while the property -- which he described as being "in good heart" -- was all in grass at the moment, it would be equally suited to a cereal enterprise.
The farm was initially offered in lots of 53.5ac and 41.5ac respectively.
When offers of €430,000 and €320,000 were received for the two lots, Mr Potterton turned his attention to the entire and sought bids in advance of €750,000.
Bidding started at €760,000, and with three bidders in contention the hammer came down at €886,000.
Meanwhile, on the same day, Mr Potterton sold a 17.5ac parcel of land at Cullentra, Longwood, Co Meath, for €11,350/ac.