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Newport sale still in the balance

MORE THAN €10,000/ac was bid for a 47ac roadside holding at Foxhall, Newport, Co Tipperary, last week, but the offer failed to secure a sale.

The non-residential farm was withdrawn at €480,000 at auction last Wednesday by local estate agent James Lee.

Negotiations are continuing between Mr Lee and two interested parties.

More has been offered for the farm since the auction and Mr Lee said he was close to doing a deal.

According to the auctioneer, the land is good quality, except for a small three-acre portion of scrub.

Laid out in five fields, fenced with natural hedgerows, the land was well looked after by its owners and latterly by tenants.

While there are no buildings, aside from some basic cattle-handling facilities, there is considerable frontage onto three roads.

There was a large turnout at Wednesday's auction, with locals interested to see what straight land would make at auction.

It opened at €300,000 and bids moved quickly to €480,000. At this stage bidding was confined to two men -- a local with farming connections and a businessman from the area.

Declan O'Brien

Indo Farming