Land prices continue to be high at recent auctions across the country.
n Co Meath, Stephen Barry of Raymond Pottertons fetched an almost record-breaking price for a 17ac pack, fetching a staggering €580,000, or over €34,000/ac.
The roadside pasture field in Castletown on the outskirts of Athboy has excellent road frontage and its own well water.
Located next to a housing development, it has both an agricultural value and a “hope” value.
The sale was run at €15k-20k/ac but exceeded expectations when it opened at €200k and with five parties involved it rose in increments of €25k, €20k and €5k to reach €580k came to market. It was sold to a buyer acting in trust.
42ac Delvin package is sold for €370,000
When he moved to his native Westmeath to another estate with an address in Castletown, this time in Delvin, Mr Barry’s price fell short of the play’s Royal County heights.
Sales of the 42ac package started at €300,000 and, driven by two bidders, the price rose in tranches of €10,000 until it sold at €370,000.
Paid €1.06 million for 82ac Meath Farm
Back in Meath, Thomas Potterton was having a good few days.
An 82ac farm with one yard and external offices in Clonycavan, Ballivor has been sold in its entirety after bidding for €940,000 in two lots.
The whole thing went on the market for €1.04m and was sold to a Dublin businessman with agricultural interests for €1.06m.
11ac Ballivor holds €170,000
An 11ac development in Coolronan, Ballivor opened at €120,000 and attracted three bidders who pushed the price up to €170,000.
It was put on the market and sold to a local businessman there.
Derelict cottage on 4.5ac makes €198,000
At another auction Mr Potterton sold a run down stone house on 4.5ac in Crossakiel, Kells to a young couple for €198,000.
Paid €962,000 for 80ac Galbally Farm
Tipperary auctioneer Matthew Ryan auctioned off an 80ac housing farm in Galbally, Co. Limerick.
Located in the Glen of Aherlow, the grazing land was offered in two lots, the first of which consisted of the house at 10ac. This opened at €230,000 and was bid at €285,000.
The second lot, 70 acres of grassland, opened at €450,000 and was bid at €570,000.
At this point, with a total of €865,000 on the table, the whole thing was on offer. Two bidders entered the battle and the competition continued until the hammer dropped at €962,000.
The successful buyer was a local farmer.
43ac Hollywood Holding is sold for €10,800/ac
A 43ac weed farm in Hollywood in Co Wicklow has been sold by Jordanian auctioneers for €465,000 or over €10,800/ac. The holding company is 4 km from Hollywood, 5 km from Ballymore Eustace and 7 km from Dunlavin.
It has an extended frontage to a local street.
The sale started at €250,000 and with initially three to four bidders, in the end 2 remained in the competition. The property came on the market for €400,000 and was sold for €465,000.
Paid €1.055m in lots for 50.6ac Avoca-Farm
David Quinn, who remained in Co Wicklow, sold a 50.6 ac residence with extensive frontage in Knockanree, Avoca.
The property was offered in lots: a bungalow and outbuildings on 9.7 ac and 40.9 ac land.
The first lot ended up being sold at auction for €295,000 to a Dublin buyer. The second lot went to a local entrepreneur for €760,000.
The property brought in a total of €1.055 million.
29ac Wicklow makes €21,000/ac
David Quinn also sold an adjacent residential property in Barniskey, Ballinvalley, Avoca which extended to 29ac.
This was also offered in lots, but brought under the hammer as a whole, bringing in €605,000 or €21,000/ac.
https://www.independent.ie/business/farming/farm-property/leinster-farm-sales/meath-holding-makes-34000ac-as-autumn-auction-season-heats-up-42053645.html Meath Holding makes €34,000/ac as autumn auction season heats up