Farm Ireland
Independent.ie

Wednesday 22 November 2017

Mixed fortunes in Royal Meath

Jim O'Brien

Jim O'Brien

An auction involving the sale of three properties at Trim Castle Hotel resulted in mixed fortunes for vendors, agents and customers last week.

A diverse conifer and broadleaf plantation at Moymet, Trim, extending to 34ac and recently planted, sold under the hammer to a local farmer for €130,000.

EXCELLENT

Auctioneer Aidan Heffernan of Sherry FitzGerald Royal describes the property as an excellent investment opportunity on which no premiums have yet been drawn.

The price equated to just over €3,800/ac.

It is understood that demand for forestry ground is extremely brisk at the moment, with both land for planting and immature plantations being sought.

Meanwhile, a 31.5ac non-residential farm in permanent pasture at Kilcloon, Dunboyne, was offered in three lots.

Lot one comprised 24.328ac and was withdrawn at €220,000. Lot two, consisting of 6.829ac, was withdrawn at €70,000, while the entire was withdrawn at €300,000.

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TWIST

In an unusual twist, after the auction the highest bidder on the entire entered into negotiations and subsequently purchased lot one for a sum much greater than the withdrawal price.

Finally, at the same auction, a large modern house on 10ac at Woodlane, Kildalkey, extending to 4,250 sq ft and with a range of ancillary buildings, was withdrawn at €495,000.

The property is under active negotiation at the moment. Agents Sherry FitzGerald Royal had guided the sale at €575,000.

Indo Farming