Farm Ireland

Tuesday 24 October 2017

Vendor accepts post-auction bid for 38ac holding

Two sections of a Co Meath farm divided by the Land Commission were reunited last Thursday after an auction conducted by Trim auctioneer Thomas Potterton.

Located four miles from Ballivor and Trim, the 38ac holding, which includes the site of Lodge Park House, was bought after the auction by an adjoining farmer. The purchase by the neighbour ensured that his land, originally part of the Lodge Park estate, became reunited with the 'home place'.

While the main residence on the property was demolished some years ago, the original stone out-offices remain in various states of repair. The lands are laid out in four fields of attractive parkland with access to an independent water supply and mains water.

Two bidders entered the fray when Thomas Potterton opened proceedings at €250,000. In bids of €5,000 and €10,000, the auction continued until the property was withdrawn at €322,000. In the immediate aftermath of the auction, the highest bidder offered €325,000 but the vendor was not willing to sell.

The morning after, however, the neighbouring farmer contacted the auctioneer and an offer in excess of €325,000 was accepted by the vendor.

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Irish Independent