Residential holding is expected to be a big draw at auction
A 61ac residential farm at Meadstown, Dunderry, Navan, Co Meath will definitely draw a crowd when it comes to auction later in the month with a guide of €500,000. The property includes extensive cattle storage and handling facilities and would suit any livestock farmer or cattle dealer.
Located one mile from Dunderry and four miles from Navan, the farm is described as an exceptionally good residential holding. According to Ronan McKenna of Raymond Potterton auctioneers, the land around Meadstown is renowned locally as the best of ground.
The traditional, two-storey residence is in good structural order with accommodation that includes an entrance hall, sitting room, kitchen, three bedrooms and bathroom. The house has been somewhat modernised with modifications that include central heating, rewiring and double-glazed PVC windows.
There are two yards with an extensive range of buildings that include a shed measuring 100ft x 65ft with a central feeding passage along with holding pens and an extensive concrete yard area with stock handling facilities.
Also in this yard is located a fine slatted unit measuring 80ft x 30ft with five pens and dual feeding passages, a walled silage pit measuring 90ft x 45ft, a walled and concreted stock handling yard of 90ft x 45ft with an inspection chute and holding pens.
The second yard is used as an export premises or isolation yard and includes a partly constructed office building. Among other structures in the yard is a fully enclosed 'A' roof shed measuring 63ft x 60ft divided into pens with an undercover inspection chute and handling facilities. The effluent from the yards drains into purpose-built effluent holding tanks.
The lands are entirely in old pasture and described as the best of pastureland laid out in six fields in a well-shaped block.
The farm will be sold at auction in the Raymond Potterton salesrooms Navan at 3pm on Tuesday, September 23.
Parcel sells for €11,000 per acre
A 30ac parcel of tillage ground at Bawnard between Midleton and Trabolgan in east Cork sold at auction last week for €325,000 or almost €11,000 per acre. The property, which has limited road access, was bought as an investment by a young business couple.
The land, which has always been under tillage is described by auctioneer Eamon O'Brien of CCM Property as a nice block of land with no waste. There is limited road frontage with the holding given that a 3ac portion closest the road was retained by the owners.
Two bidders showed cause when the auction opened and the price soon reached €295,000. Mr O'Brien consulted with the vendors at that juncture and returned to the auction room to put the property on the market and seek further bids.
However, no further bids were forthcoming and just as the gavel was about to fall on the third call a fresh bid re-opened proceedings and a further €30,000 was added to the price in a final round of bidding.
The new owners are a young professional couple who recognise the on-going rental value of this particular piece of property and bought it as a long-term secure investment.
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