It’s been a busy week in the auction rooms, with prices up to €32,000/ac being paid for lots large and small.
In Galway and North Clare, Gort auctioneer Colm Farrell had an exceptional selling streak, auctioning 16 out of 18 lots in seven days.
In a headline sale, he hammered a 3.1ac property for €100,000 or over €32,000/ac. Located in Bell Harbor near Clare’s North Shore, it was part of a multi-property farm sale where an 8.6ac package fetched €230,000 or €26,775/ac.
That was a staggering price for what the auctioneer calls agricultural land.
At the same auction, a 4.76 ac piece fetched €110,000 or over €23,000/ac, while a 3.21 ac piece fetched €55,000 or over €17,000/ac. Last but not least was a 6.12ac piece that fetched €70,000 or almost €11,500/ac.
In another sale, Mr Farrell sold an 18.5ac interest in Stradbally East, Clarinbridge, Co. Galway for €250,000 or €13,500/ac.
Along the south coast of Galway Bay at Ballybrannigan, Kinvara, a 11.3 ac piece on rocky ground sold without planning for €120,000 or over €10,600 while a 2.4 ac piece on the Ballyvaughan Strait sold for 33,000 € or around €15,000/ac.
A Rocky 8ac sold for €40,000 while a restricted access 10ac field fetched €28,000.
Last week Mr Farrell held a land auction on the eastern edge of the Burren near Gort near Roo.
A 178 ac farm on steep rocky ground representing the end of the Burren was listed at €125,000 and grossed €141,000. A small farmyard belonged to the farm.
A 24 hectare parcel of good grazing land at the same address but across the street was sold in two lots raising €250,000 or an average of €10,400/AK.
A 20ac piece at the same address fetched €185,000 while a 4.94ac lot sold for €74,000 or just under €15,000/ac.
Mr. Farrell described the sale as a spectacular success with great prices paid. “Selling 16 out of 18 properties at auction in a seven-day period is as good an indication of the market as you’re likely to get,” he said.
Offal farm makes €10,500
Across the Shannon, Nenagh auctioneer Eoin Dillon sold a 30.8 ac farm at Cloonaloughan, Cloughjordan in Co Offaly. It fetched €326,000 at auction, or over €10,500/ac.
The farm is 4km from Cloughjordan and Moneygall and is situated on two roadside fields of mainly good pasture and a 4ac piece consisting of fallow land and a wooded area.
With an in-person and online auction, all of the action took place online.
The affair opened at €235,000 with four bidders joining the fray. The place was put on the market for €250,000 and sold for €326,000.
27ac Clonmel field is sold for 15,000/ac
To the south of Tipperary, REA Stokes & Quirke sold a 27ac field in Burgessland Newcastle, Clonmel. It brought in €420,000 or more than €15,000/ac when it was bought by two local dairy farmers who wanted to share the property.
115ac Limerick Farm costs over 1.38 million euros
In Cappawhite, East Limerick, Matt Ryan sold a 115ac residential farm following the auction.
It was offered for sale in lots but the whole received the highest bid before being withdrawn for €1.38 million.
It was sold immediately after the auction for a higher sum to a lawyer believed to be acting for someone with local connections.
The roadside operation is located 1km from Cappawhite on the road to Doon and is divided into three lots by local roads.
The residence is a solid two-storey farmhouse, while the courtyard is made up of a number of modern and dated buildings, including a disused milking parlor and dairy.
There is also a derelict cottage in the countryside.
At auction the house and farm in 57ac fetched €760,000, a 34ac package fetched €300,000 and a 23ac piece featuring the derelict house was offered for €280,000.
The whole narrowly beat the combined lots at €1.38m when it was withdrawn.
https://www.independent.ie/business/farming/farm-property/munster-farm-sales/32000ac-paid-for-small-north-clare-parcel-41811155.html Paid €32,000/ac for small plots in North Clare