Farm Ireland

Sunday 25 February 2018

Prime Kilkenny land sells for over €14,000/ac to local buyers

A 44ac residential farm at Ballyouskill on the Kilkenny/Laois border sold in lots after a rollercoaster auction conducted by Ballyragget auctioneer, Pat Gannon.

The house on 1.3ac was withdrawn during the transaction but the land extending to 42.7ac sold under the hammer for €610,000. It exceeded the guide price for the entire by €60,000 making a strong €14,285/ac. The place was bought by two local farmers acting jointly.

Located 4km from Ballinakill in Co Laois and 8km from Ballyragget the farm comes with an extensive range of sheds.

The land is in an 'L' shape behind the house and is serviced by a good, hard-core roadway. The fields are divided by a combination of wire fencing and natural hedgerow and while there is evidence of rushes on part of the land for the most part it is in fine condition.

At the back of the farm are two top class fields slightly elevated with a fine crown of grass.

The outbuildings with the farm have accommodation for 100 head of stock and are set out in a very good yard.

At auction the lots were offered first. The 42.7ac of ground opened at €300,000 and with two bidders, a solicitor and the local pair of farmers acting jointly, the price moved swiftly to €350,000. Attention then switched to the house on 1.3ac which was bid to €125,000.

The entire was offered after that and combining the price for the house and the land it opened at €470,000.

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A new bidder, a solicitor, bid €500,000 on the entire and the price went up to €606,000.

The auctioneer returned to the lots at that point and with bidding on the land moving well the house was withdrawn and the sale concentrated on the 42.7ac.

The solicitor bidding on the entire joined the fray for the land and with three bidders in action it went to €610,000 where it sold to the neighbouring farmers.

Pat Gannon said everyone was delighted with the sale and delighted that the land was bought by locals.

Wexford farm goes for €1.36m

Staying in the southeast an 82ac farm at Ballydaniel, Camolin in Wexford sold under the hammer last week for €1.36m.

The farm was once home to the famous 200 strong Ballydaniel Limousin herd which was sold in recent years. The holding has extensive road frontage on to the N11 at the Gorey side of Camolin and further road frontage on to a side road to Ballycanew.

The farm is all in grass aside from a 9ac field that is top-sown with corn and under sown with grass.

The fields are divided by mature, whitethorn hedgerow that provides great shelter. There is no water with the property at the moment.

Auctioneer David Quinn offered the farm in lots and as an entire before a packed auction room and all the active interest came from locals.

The first lot of three fields amounted to 38.1ac fronting on to the N11.

A 27.7ac parcel fronting on to the Ballycanew road formed the second while the final was a 15.4ac field fronting the same road.

On the day the three lots were bid to a total of €1.06m on an opening round of bidding with multiple bidders, all local farmers.

The entire was then bid to €1.1m and when David Quinn returned to the lots they climbed to €1.23m.

When the entire 82ac was reintroduced it was bid to €1.25m and the place was put on the market at that.

But matters didn't finish there, bidding continued as two local farmers battled it out until the hammer eventually fell at €1.36m.

Indo Farming