Two out of three ain't bad for potential Banagher land
23ac sold for €7,870/ac and 14ac gets €1,200/ac as 10.5ac parcel is withdrawn
Two out of three pieces of ground near Banagher in Co Offaly sold under the hammer of Peter Scully of GVM Tullamore recently.
A 10.5ac parcel with a residence and sheds was withdrawn at €115,000, a 23ac parcel made €7,870/ac, while a 14ac parcel of Callows land made more than €1,200/ac.
Located at Coolfin, Banagher, the residential section comprised a bungalow in good condition and 10.5ac with a yard that includes a slatted shed, a lean-to and other out-offices.
The land is located around the house and described as prime ground.
This lot was guided at €150,000 and on the day was bid to €115,000 before being withdrawn. After auction a bid of €120,000 was offered and negotiations are continuing.
Bidding for the 23ac opened at €130,000 and attracted three bidders, before going on the market at €180,000 and selling for €181,000.
The last piece, a 14ac parcel of Callow land subject to regular flooding, came with no guide. Mr Scully was advised that he may get anything from €100 to €300/ac for the parcel but on the day it made €17,000 or €1,214/ac.
Further south in Co Wexford, an 87ac mixed use farm located at Kilcasey and Rockspring, between Camolin and Ferns, was offered in lots.
While none of the lots sold under the hammer, two lots sold immediately after auction for prices believed to be in excess of €10,000/ac.
The farm is situated close to Clonlogue village and is accessed by a laneway. The lands are currently in mixed use, with 30pc in grass and 70pc in winter corn.
The farm is serviced by an extensive, but dated, farmyard that includes a round roof shed with double lean-to, a disused milking parlour, a lofted barn, a two bay round roof shed, a disused piggery and a cattle crush.
The property was initially offered for sale as an entire by auctioneer David Quinn, but with no interest forthcoming attention switched to the lots.
The first section comprised 35ac in tillage at Rockspring. It was bid to €300,000 before it was withdrawn and subsequently sold to a neighbouring farmer for a figure in excess of the guide of €10,000/ac.
A further 22.5ac under grass at Kilcasey was bid to €120,000 before being withdrawn.
The final lot consisted of the farmyard and 28ac in grass and tillage. It was bid to €200,000 and withdrawn.
The latter lot sold immediately after auction to an adjoining farmer for a figure in excess of €10,000/ac.
For Stories Like This and More
Download the Free Farming Independent App