Business

Longford Land changes hands for €15,777/ac

Sales in Leinster, particularly in the North Midlands, are very strong with Murtagh Bros’ Dillon Murtagh reporting a number of good results.

Last week a 31.5 ac farm in Rathbracken, Granard in Co Longford opened online for just €20,000 but made a staggering €497,000 or €15,777/ac.

The farm is laid out in neat sections with plenty of street frontage.

After a slow start, the price skyrocketed and two eager bidders went about their business until a lawyer working for a local farmer emerged victorious.

Other properties in Longford that changed hands at auction were a 44ac weed farm in Culloge, 2 miles outside Edgeworthstown.

The establishment is on a block laid out in several sections, sheltered by a traditional hedge, with good frontage to the R395 Castlepollard Road.

Conclude

A one block non-residential 44ac weed farm in Culloge, Edgeworthstown raised €375,000.

The property attracted two bidders at an online auction. It went on the market for €350,000 before Mr Murtagh brought the hammer to €375,000.

A 32ac non-residential farm in Whiterock, just off the N4 Longford to Sligo road, about 1km from Longford town centre, earned €245,000 – more than €7,600/ac – beating the benchmark by €20,000.

Conclude

The farm, with a run-down cottage and extensive frontage in Whiterock, 1 km from Longford town centre, raised €245,000.

The farm includes a derelict cottage and extensive frontage.

The 36ac stake in Kilcock makes €370,000

In Kildare, Coonans of Maynooth handled the sale of a 36ac farm in Ballinakill, Newtown, Kilcock.

The non-residential building has no farm buildings and was listed at €325,000.

Three active bidders pushed the process forward until the place was put on the market for €325,000 and sold for €370,000.

Killargan Stud at Drumlargan near Kilcock on the Meath side of the border and also at 36ac was due to go under the hammer at the same auction but was sold before it was sold.

Conclude

Killargan Stud at 36ac at Drumlargan near Kilcock was listed at €600,000 and sold before the auction for an undisclosed sum.

The free-draining land includes a courtyard with a large sand arena, a lunge ring, and an American barn.

Conclude

Killargan has a long history of horse breeding and the equestrian facilities reflect this.

The property was sold at what is believed to be in excess of the €600,000 benchmark – “much to the mutual satisfaction of buyer and seller,” according to Coonans’ Philip Byrne.

127ac Roscommon Farm is sold for €900,000

West of the Shannon in Co Roscommon a 127ac farm was withdrawn from auction for €870,000 and subsequently sold for over €900,000.

The property is located in Carrowcrin, Tonlagee and Corbo on Lanesboro Road 4 miles from the town of Roscommon.

It includes an old stone residence in a near-ruined state and has 2.2 km of frontage. The land consists of good pasture soil. Apart from livestock farms, there are no farm buildings.

The site was offered in lots by Elphin auctioneer Tom Cox. The first included 100ac including the old house; the second consisted of 21ac roadside pasture; A 6ac forest piece at Corbo was also included.

The whole thing was the only show in town. It was withdrawn at €870,000 and sold for over €900,000.

At the same auction, Mr Cox sold a 36ac non-residential farm in Clooneybeirne, Strokestown for his pre-auction leader of €400,000. It was bought from a neighboring farmer.

https://www.independent.ie/business/farming/farm-property/leinster-farm-sales/longford-land-changing-hands-for-15777ac-41677794.html Longford Land changes hands for €15,777/ac

Fry Electronics Team

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