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North Dublin land sells for €11,800/ac

SAVILLS auctioneers has sold a total of 124ac of land zoned for "agricultural and related uses" in Dublin and Westmeath. One parcel sold under the hammer, while two were withdrawn and sold immediately after auction.

A farm of almost 50ac of land at Corrstown, St Margaret's in north Dublin was guided at €525,000. It sold at auction for €590,000.

Described as fertile ground, the lands are laid out in easily managed divisions with good road frontage. The Ward river runs through the property located approximately 8km from Dublin airport and 17km from the city centre.

Bidding opened at €450,000 and two bidders competed in increments of €5,000 until it was eventually knocked down to a local farmer for €590,000 (€11,800/ac).

The next parcel to be offered was a 46.57ac holding located near Kinnegad in Co Westmeath. Described as a block of fertile land well laid out in three fields with good road and river frontage, it was guided at €350,000.

The sale opened at €250,000, but the holding was withdrawn at that. It was sold immediately after auction for "a higher figure."

West Dublin

Another parcel of land at Saggart in Dublin was offered for sale in two lots with Lot one comprised of 14.5ac with a guide of €200,000. Lot two extended to 13.45ac and was guided at €200,000.

Located approximately 1.5km from the village centre, the land is suitable for tillage and grazing. It is laid out in two divisions with good road frontage.

Both lots were bid to €150,000 by the same customer, a local farmer. They were withdrawn at that but sold immediately after for what Pat O'Hagan of Savills called "a much higher price."

Commenting on the auction, Mr O'Hagan said that all the interest was local for the three separate sales. However, he was happy to get the three parcels sold. "There is nothing better than a signed contract to put a smile on an auctioneer's face," he said.

Indo Farming