River and roadside lands in Kilkenny break €10k/ac barrier
MORE than €10,000/ac was paid at auction last week for 60ac of roadside and riverside lands at Duninga, Goresbridge, Co Kilkenny.
Local auctioneer Ed Donohoe, of ERA Donohoe Properties, brought the hammer down at €620,000 after some lively bidding.
Mr Donohoe described the land as a mixture of good grassland that included 30ac of low-lying land on the banks of the Barrow that can be subject to seasonal flooding.
A 25ac portion of the holding was in tillage, with a small portion in forestry. The lands enjoy good road frontage and come with commercial planning.
More than 25 people turned up for the auction at the Lord Bagenal Hotel at Leighlinbridge, Co Carlow.
When the auctioneer sought bids in excess of €400,000, three bidders took to the field and bids of €20,000 saw the property quickly reach €600,000.
At that point it was put on the market and, after four bids of €5,000, the property was knocked down to a local landowner for €620,000.
Ed Donohoe was delighted with the result.