The fall auction season is in full swing and sales across the country are seeing healthy prices.
12.55ac property at Garterfarm outside Castledermot in Co Kildare fetched more than €26,000/ac on the hammer of Jordanian auctioneers last week.
The bid opened at €170,000, three active bidders battled it out, and the gavel fell at €330,000.
According to Jordans’ Clive Kavanagh, the new owner is locally based.
Tipperary land is being sold for €17,700/ac
Another heavy price was paid in Tipperary when REA Stokes and Quirke sold a 26ac gated community in Chamberlainstown, Cahir. It was bought by a dairy farmer for €460,000 or almost €17,700/ac.
9km from Cahir and Clerihan the lands are in four large fields with ample road frontage to two streets. It includes an uninhabited farmhouse and a courtyard.
Bidding opened at €300,000 and bidding was steadily increasing with five bidders active. Auctioneer John Stokes put the property on the market for €394,000 and the bidding continued until the hammer fell at €460,000.
Up to €16,000/ac paid for Dunderry property
In Meath, Sherry FitzGerald Royal’s Aidan Heffernan sold a 40ac farm on land in Eskaroon and Ballardan near the village of Dunderry.
A 17 ac roadside lot has been sold to a developer with equine interests for €260,000. A 22.5 ac piece in three roadside fields was sold for €360,000 or €16,000/ac to a local auctioneer acting for a client.
The final lot, consisting of an outdated courtyard and a derelict farmhouse, was withdrawn for €75,000 and subsequently sold for a much higher amount to the auctioneer, who bought lot two.
130ac in a block in Meath makes 2 million euros
A stay at Dunderry, a 130ac farm in Philpotstown, fetched 2 million euros or almost 15,400/ac at auction. The roadside farm is on a block with an old yard and fronts to two streets.
At the auction, the sale attracted a lively group of in-house and online bidders as proceedings opened for €1.2 million. Up to five bidders pushed the matter forward in tranches of €50,000 and €25,000. The property was put on the market and sold for €2 million.
€1.025m paid for 67ac parcel in Cork
A 67ac non-residential interest in Bridepark, Conna, Co Cork fetched €1.025m or €15,290/ac at auction.
The land is described by Michael Barry of Dick Barry and Sons as high quality property laid out in 13 well fenced roadside plots 2.5 km from Conna.
With an opening bid of €800,000, two bidders competed for €5,000 and €10,000 until the property came on the market for €910,000.
Then a third entered the fray and a further €115,000 was added before the hammer fell at €1.025m in favor of Brian Olden of Cohalan Downing Auctioneers, acting on trust.
“There have been three really strong customers for the country,” Mr Barry said, “confirming continued strong demand for agricultural land.”
57ac Déise Farm is sold for €454,000
Not far away in Co Waterford a 57ac farm at Carrignagower, Lismore in Co Waterford was sold in lots under the hammer by Raymond Potterton Auctioneers for a total of €454,000.
A 19ac plot in four level forage fields was sold for €172,000 while a 25.5ac plot 1 km away opened for €140,000 and sold for €200,000. The last lot, a 12.5ac piece, sold for €82,000.
https://www.independent.ie/business/farming/farm-property/leinster-farm-sales/1255ac-kildare-farm-makes-26000ac-as-trade-booms-across-the-land-42018367.html 12.55ac Kildare Farm earns €26,000/ac as trade booms across the country