Farm Ireland

Thursday 23 November 2017

Strong bidding for quality Offaly dairy holding

A 120ac farm at Newtown, Killeigh, Co Offaly was withdrawn from auction at €1.1375m.
A 120ac farm at Newtown, Killeigh, Co Offaly was withdrawn from auction at €1.1375m.
Jim O'Brien

Jim O'Brien

Negotiations are on-going for the sale of a 120ac former dairy farm at Newtown Killeigh near Tullamore in Offaly. The farm was recently withdrawn from auction at €1.375m.

Situated about 4km from the village of Killeigh and about 9km from Tullamore, the farm is located across the road from the Glenisk factory in the heart of good dairy country.

It was a dairy operation for the last 50 years and home to a pedigree Holstein herd.

Set out in a number of large fields, the ground is nicely elevated with some lovely stands of trees dotted around the property and fine hedgerows separate the large divisions.

The lands are serviced by a central farm roadway.

The farmyard on the property has rubber-matted cubicle accommodation for 200 cattle in a series of four good sheds serviced by automatic scrapers and ample slurry storage capacity.

There is also a large silage pit with a concrete base and sturdy cattle-handling facilities. At auction, proceedings got under way when auctioneer Phillip Byrne of REA Coonans Maynooth accepted a bid of €1.2m.

The two interested bidders quickly drove the price to €1.375m and having consulted with the vendors, he sought further bids but to no avail and the property was withdrawn. Active negotiations are on-going.

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Portarlington auctioneer, Matt Dunne fared a bit better with a sale of land in the same parish.

In an auction to dispose of a 44ac dispersed farm - the estate of the late Paddy Maher - around 60 people turned up, creating what the auctioneer called "a fantastic atmosphere".

There were five lots on offer with four to five bidders for each lot.

First up was a 1ac site at Moneyquid, Killeigh - the reserve was €5,000 and the hammer eventually dropped at €35,000.

The next lot, a 7.5ac field, attracted huge interest. Described as excellent arable land, it is strategically located on a laneway between two big farms.

The parcel went on the market at €80,000 and with two bidders slugging it out, the hammer finally dropped at €121,000 or €16,133/ac, the field going to a solicitor from Mullingar acting on behalf of a local farmer.

"The vendor was speechless," said Mr Dunne.

A third lot comprised of 30ac at Derrygunnigan, Killeigh is situated beside the bog and 2.5km off the main road at the end of a lane.

This more marginal land had a reserve of €120,000 and made €160,000 under the hammer or €5,333/ac.

The next lot, a semi derelict cottage on 0.75ac, had a reserve of €25,000 but easily surpassed that when it sold for €55,000 to a local man currently living in San Francisco.

The last lot comprising two small parcels of land totalling 4.6ac made €35,000 or €7,608/ac.

Indo Farming