Farm Ireland

Monday 19 February 2018

NRA cash helps fund high bids

Payments made by the National Roads Authority to farmers in the Bennettsbridge area of Co Kilkenny were behind some strong prices paid recently for divisions of a 40ac farm near the village.

A 23ac portion of the farm at Bohergaddy was sold for €15,936/ac to a Kilkenny auctioneer acting in trust for a client, while a five-acre block sold for €100,00 -- or €20,000/ac -- to a Leitrim auctioneer, also acting in trust.

The remaining 12ac was withdrawn at €152,000 on the day and it is understood that a bid of €155,000 was subsequently received by auctioneer Joe Coogan.

Meanwhile, a 17ac residential holding at Foylebridge, Gathabaun, close to Freshford, attracted a number of bids prior to auction.

The bids, made by two local farmers, were believed to be in excess of €10,000/ac and were enough to convince the owners to close the deal.

Finally, a 19ac block of land at Cloneen, Cliugh, Castlecomer, was withdrawn from auction recently but sold immediately afterwards for in excess of €10,800/ac.

The land had good road frontage onto a cul-de-sac laneway and was withdrawn at €170,000 before being sold.

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