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Limerick local boy-made good flies in to snag a patch of home turf for €26k/ac

The new owner of a West Limerick farm flew in by helicopter to view his purchase, having bought the 21ac interest ahead of the auction.

The local boy who did good is believed to have paid the asking price of €550,000 – over €26,000/ac – before flying back to his base in the UK.

The 21ac in Tubrid, Shanagolden has an extensive frontage to two streets, is irrigated and fenced and has a one level apartment in need of repair.

The sale was handled by GVM’s Tom Crosse, who said the transaction reminded him of the Celtic Tiger’s halcyon days.

168ac Farm on Lough Derg makes over €2.15 million

Not far away, on the banks of Lough Derg, a dairy farmer came with little fuss to buy a residential farm dating to 168ac at Landsdown, Portroe, Co Tipperary, 12km from Nenagh.

According to William Talbot of Sherry FitzGerald Talbot, the farm is a mix of fine pasture and arable land, as well as slightly heavier soil.

Conclude

This 168ac farm in Portroe, Co. Tipperary, which was listed for €1.9m, was withdrawn from auction for €2.15 and subsequently sold to a dairy farmer.

A portion of 104ac is described as elevated pasture land served by an internal road whilst a 50ac plot has medium quality pasture and the remaining area surrounding the residence is of good quality.

Conclude

Portroe Farm overlooks Lough Derg and includes elevated pasture and farmland.

The property has limited frontage for its size and no outbuildings to speak of.

A six bedroom farmhouse in the countryside is in need of a major makeover.

Conclude

The six bedroom house is in need of refurbishment.

Before the auction it was listed at €1.9 million. At an auction that opened at €1.85m, the price rose in tranches from €50,000 to €2.15m, at which point the property was withdrawn.

It was sold after the auction to a dairy farmer, reportedly from Limerick, for a price the auctioneer declined to disclose.

Roadside on the outskirts of Newport

In north Tipperary, a 36ac roadside non-residential building in Derryleigh on the outskirts of Newport fetched €500,000 or almost €13,900/ac when it came under the hammer at Tom Crosse’s auction.

Conclude

A roadside 36ac farm in Derryleigh, Newport in Co Tipperary raised €500,000 or €13,900/ac.

The site is divided into three main sections, well fenced and may have location potential.

It opened at €300,000 and was held at €490,000 with three bidders before going under the hammer for €500,000.

72.5 acres of modest land in West Limerick to be sold for €565,000

Mr. Crosse, a loyal Tipperary man who lived in exile in Limerick for many years, keeps his sympathies in his back pocket as he plies his trade among the contract people and their Banner neighbours.

As he ventured into the heart of West Limerick, a 72.5 ac farm in Tiernahilla, Newcastle West, which was auctioned off by Mr Crosse, was withdrawn for €520,000 and sold immediately thereafter at what is believed to be that it is in the region of €565,000.

Conclude

A 72.5 ac farm with modest land in Tiernahilla, Newcastle West, Co. Limerick fetched €565,000 at auction.

The farm is described as medium country and faces the Bruff Line 9km from Newcastle West.

Strong prices at Sixmilebridge

Across the Shannon in Davy Fitz country at Castlecrine, Sixmilebridge, Mr Crosse sold a 38ac residential farm in three lots for an estimated total consideration of around €359,000.

The first lot, a 32ac lot with extensive street frontage, was withdrawn and is said to have fetched €220,000 after the auction.

At auction, a single storey farmhouse on 2.4ac in two roadside fields in need of repair fetched €110,000 while a 4ac parcel fetched €29,000.

Conclude

A 38ac interest in Castlecrine, Sixmilebridge, Co Clare was sold in three lots valued at approximately €359,000.

private contract sale

Sales on the private contract front are also fetching high prices, according to Mr Crosse, with a 47 ac farm at Ballyvocogue, near Askeaton in Co Limerick, selling for €500,000 while a 30 ac farm at Ballinaveal, Crecora, for €19,000 /ac changed hands.

https://www.independent.ie/business/farming/farm-property/munster-farm-sales/limerick-local-boy-made-good-flies-in-to-snap-up-piece-of-home-turf-for-26000ac-41680430.html Limerick local boy-made good flies in to snag a patch of home turf for €26k/ac

Fry Electronics Team

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