Farm Ireland

Saturday 18 November 2017

New owner of €1m farm may have equine plans

Jim O'Brien

Jim O'Brien

A residential farm extending to 102.7ac located at Manister, near Croom, Co Limerick sold at auction last week for €1,050,000.

Located 12 miles from Limerick city and three miles from Croom, the roadside farm was bought in trust by Andrew Nolan of Goff's Country. It had been guided prior to the auction at €1.1-1.2m.

The residence is a neat two-storey, four-bedroom farmhouse surrounded by mature trees and gardens. It has not been lived in for two years and, while in good condition, the house is in need of some refurbishment and modernisation.

The traditional farmyard includes a haybarn and cubicle houses, silage pits, some slurry gathering facilities and cattle handling facilities.

Described as top-class Limerick grazing ground in good heart, the land is divided by a country road that gives extensive road frontage.

The property was offered for sale in two lots on either side of the road. The house, farmyard and 39ac on one side of the road made up one lot, with 63.7ac of land the other.

Charleville auctioneer John Flynn had no bid for the residential lot when he sought offers.

However, he had three customers for the 63.7ac section. It opened at €400,000 but bidding stalled at €675,000.

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The entire was then put to the floor and Mr Nolan pinned his colours to the mast with a bid of €1m.

John Flynn then returned to the residential section and found those with an interest in the house and 39ac had been spurred into action by the €1m bid.

Four bidders brought this lot to €340,000. Mr Flynn then returned to the 63.7ac section which increased from €675,000 to €685,000.

The highest bids for both lots were added together and the entire was put to the floor seeking offers in advance of €1,025,000. Mr Nolan bid €1,050,000 and the gavel fell at this price.

Given Goff's connection with the bloodstock industry, it has been suggested that the new owner has equine interests.

Irish Independent