Farm Ireland

Saturday 25 November 2017

Tara holding goes for €1million plus

Jim O'Brien

Jim O'Brien

More than €1m was paid at auction for a 61ac residential farm at Collierstown near Tara in Co Meath. The property was sold in two lots with the house on 2.75ac making €265,000 and a parcel of 58.25ac of land making €860,000 netting a total price of €1.125m.

The farm, located beside Skryne church, is 16km from Navan, 6km from Junction 7 on the M3 Motorway and 8km from Dunshaughlin.

Currently in tillage the ground is in three large fields with extensive road frontage on to the Skryne road and a side road. The land has been let to a tillage farmer for a number of years and is in great heart.

The house is a 1950s bungalow with two to three bedrooms and accommodation that includes an entrance hall, a sitting room, a bedroom that can also be used as a family room, a dining room and a fitted kitchen. Two further bedrooms complete the internal accommodation.

In the yard the buildings are for the most part neat and well kept and include a garage, a store, a workshop, four stables and a three-column haybarn with lean-to.

At auction the house on 2.75ac attracted two bidders when Navan auctioneer John Harrington opened proceedings accepting a bid of €240,000.

Twenty bids

This part of the property sold under the hammer for €265,000 to a young couple from the locality.

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The 58.25ac opened at €660,000 and four bidders took to the chase as the price increased rapidly in tranches of €10,000. After 20 bids two customers remained in contention and a final bid brought the price to €860,000 and secured the property for a professional man originally from farming stock in the area who may have plans to return.

"This was one of the best sales we've had," said Mr Harrington.

"Although we guided the place at €1m I wasn't sure we'd get it on the day. I'm delighted it went so well but, of course, the location farm is superb and the quality of the land is second to none."

Indo Farming