At one of the highest prices paid for a large farm, €24,000/ac was being offered for a 152 ac development near Ashbourne in Co Meath.
rimrose Park Farm in Greenogue, Kilsallaghan was sold whole on the hammer by Savills auctioneers for €4.1 million.
As the auction progressed, the house and farms on 2.5 ac fetched €520,000, meaning the remaining 149.5 ac farmland can be valued at €24,000/ac.
The property is 3 miles from Ashbourne and 5 miles from Ratoath and comprises a modern two storey farmhouse with outbuildings and fronting to three streets.
It is tilled from border to border and is currently planted in winter crops.
The 2,583 m² house was built in the 1970s.
The outbuildings include a garage and a traditional courtyard with a partially enclosed five-column barn with shelters, a four-column A-roof shed and a traditional potato shed.
The land consists of 10 large fields and is partially bounded by a local river.
It has plenty of road frontage to the R125 and on to an adjacent side road with another access point from the R130.
At an auction The property was offered in lots with the house and sheds making up 2.5 ac and the remaining 149.5 ac making up the remainder.
However, the residence and courtyards at 2.5ac were offered at €520,000 Savills auctioneers Cianán Duff and Pat O’Hagan quickly realized that the interest was in the whole lot.
The bid opened at €3m and quickly increased in increments of €100,000 to €3.8m.
At this point Pat O’Hagan put the property on the market and three more bids brought the hammer up to €4.1 million.
The buyers are believed to be a local family with equestrian interests.
“This sale demonstrates that commercial farmland continues to attract strong interest from cash buyers,” said Mr. O’Hagan, “who are looking to invest in farmland as a tangible asset that serves as an inflation hedge and provides conservation opportunities beyond food production.”
43ac Westmeath Farm is sold for €9,700/ac
Murtagh Bros sold a 42.8 ac property in Moranstown, Ballynacargy, Co. Westmeath for €416,000 or approximately €9,700/ac.
Described by Dillon Murtagh as ‘a good solid farm in need of some attention’, it is half a mile from the village of Ballynacargy.
The farm is divided into 11 fields and has a three-pillar stable with bedding, livestock and water supply from its own well.
At the auction, the property came on the market for 325,000 euros, the hammer fell at 416,000 euros.
28ac parcel on the outskirts of Rhode
In Offaly, a 28 acre property on the outskirts of Rhode by Padraic Murtagh was sold in lots by James L Murtagh for a combined raising of €452,000.
An 18ac section opened at €130,000 and rose in increments of €10,000. It went to the market and sold for €270,000 while a 10ac piece in 6ac and 4ac subsections opened at €102,000, came on the market at sold for €182,000.
78.5 Ac grass and forestry will be sold for €955,000
A 78.5 AcH grass and woodland farm in Brownstown, Cuffesgrange, 4km from the city of Kilkenny has been bought whole by a dairy farmer from a neighboring community for €955,000.
The facility has no buildings but has plenty of street frontage.
Grassland covers 53.25 Ac while a parcel of 16.5 Ac is in forestry with premiums of €3,000 per year to be paid for the next 11 years.
Kilkenny auctioneer Pat Gannon conducted the auction.
https://www.independent.ie/business/farming/farm-property/leinster-farm-sales/152ac-residential-farm-in-meath-sells-for-41m-41803157.html Residential farm 152ac in Meath is selling for 4.1 million euros