Farm Ireland

Tuesday 24 April 2018

Sligo demesne sells for €760,000

Markree Demense, Co Sligo
Markree Demense, Co Sligo
Jim O'Brien

Jim O'Brien

The 263ac Markree Demesne near Collooney in Co Sligo sold in two lots last week for a total of €762,000.

A 64ac parcel of scrubland sold for €52,000 and a parcel of grazing and forestry extending to 199ac sold for €710,000 representing €809/ac and €3,500/ac respectively

Situated 1.5km from Collooney and 12km from Sligo the land (pictured above) is in a parkland setting in the grounds of Markree Castle Hotel.

The 263ac includes 100ac of pastureland on good fertile soil suitable for all agricultural production. A parcel of forestry extends to around 57ac and a section of old woodland covering 93ac has a good mix of mature trees. The farm has no buildings.

In a transaction jointly handled by Ganly Walters and John Murphy and Sons, the property was brought to public auction

On the day the entire opened at €600,000 and with three bidders showing interest matters came to a halt after eight bids and a price on offer of €680,000. The entire was withdrawn at this point.

The second lot comprising 64.25ac opened at €40,000 and with two bidders showing cause it was bid to €50,000 and held.

The final lot of 199ac opened at €650,000 and after four bids from two bidders it was held at €680,000.

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Following a recess the 64.25ac parcel was put on the market at €50,000 and was bought by a local farmer for €52,000.

The 199ac lot was put on the market at €680,000 and after three bids it was bought for €710,000 by two local businessmen who arrived late at the auction but were in the right place before the hammer fell.

Indo Farming