There has been little quiet in the auction rooms in August and the autumn season seems to be getting even busier.
n Co Kildare, a 47ac farm in Ballycannon, Kilcock realized €1.15 million in a combined in-person and online auction.
Formerly a Land Commission property situated 3 miles from Kilcock and comprising a bungalow in excellent condition, a comprehensive suite of outbuildings and 47 ac of pasture land with 1km of frontage on two sides.
At an auction, Eamon O’Flaherty of Sherry FitzGerald O’Flaherty Brady offered the property in two lots.
The first, consisting of house and yard on 34.6ac, received a single bid of €800,000.
The second lot, consisting of a 12.5ac field, opened at €150,000 and was propelled to €240,000 by lively interest.
At this point Mr O’Flaherty put the whole thing on the floor and two bidders engaged once it opened at €1.05m. The price increased in increments of €10,000 to €1.15 million.
The property was then put on the market and with no more bids coming in, the gavel fell in favor of a solicitor who was said to be acting for a local businessman with agricultural interests.
The auctioneer reported good pre-sale demand, saying: “Ultimately the main interest has come from the non-agricultural sector, which is not surprising considering we are receiving more and more inquiries for businesses in this sector these days. ”
Paid €1.02m for 94ac Kilmainhamwood Farm
In neighboring County Meath, John V. Farrelly of DNG Royal County recently had a good auction when a 94ac farm in Kilmainhamwood, near Kells, sold in lots under the hammer for €1.02million.
Located 1km from the village of Kilmainhamwood on the Kells-Kingscourt road, 500m frontage and frontage to Whitewood Lake, the course is grassed and laid out in 11 pitches fenced by hedges.
A 26ac package opened at auction for €250,000. With two bidders in action, it was sold in the second bidding round for 340,000 euros.
A pack of 51ac opened for €400,000, bid for €480,000 and sold at that price. A 17ac piece was withdrawn for €180,000 and subsequently sold to a neighboring farmer for €200,000.
Kilkenny Farm beats the guide by €140,000
In Co Kilkenny, Pat Gannon sold a 25.5 ac farm in Burnchurch, Cuffesgrange for €840,000 which beat his guide by €140,000.
The site is off the Callan Road 4 miles from Kilkenny city and comprises a 1½ storey farmhouse in need of complete modernization and some dated farm buildings.
The land is divided into two lots divided by the road consisting of 17.5 ac and 7.5 ac.
The 17.5ac was offered at €600,000 and the 7.5ac fetched €220,000.
However, the whole thing won the day when it was bought by two local brothers for €840,000.
https://www.independent.ie/business/farming/farm-property/connacht-farm-sales/auction-rooms-buzzing-as-47ac-kildare-farm-makes-115m-41945294.html Auction rooms are buzzing as 47ac Kildare Farm earns €1.15m