Mixed news for 119 acres

A midlands holding had mixed fortunes last week at public auction. Offered in three lots, it was lot number two that proved successful as the first lot failed to sell on Tuesday last. The property itself, located at Borris-in-Ossory, Co Laois, comprised of 119 acres. The first lot, circa 24 acres of top-quality tillage ground, is currently in stubble. This lot generated interest prior to auction and was guided in the region of €10,000, or €240,000. On the day, however, no interest was shown in the holding and it was withdrawn by auctioneer Paddy Jordan. However, Paddy confirmed to Irish Country Living that significant interest has been shown in the holding since the auction. Lot two also suffered a mixed result. Withdrawn at €720,000, negotiations continued after the auction for the circa 95 acres and the property was sold for a sum considerably more than the withdrawn price. It is believed a local farmer won the bidding. Originally, the property was guided at €7,000-€8,000/ acre. Lot two comprised of 65 acres of good-quality tillage land, with the remaining circa 30 acres lower lying, heavier land used for grazing. The third lot or the entire was offered at €965,000, but this was not accepted. Paddy Jordan said that while he was happy with the auction, more work was to be done. The auction took place at Manor House Hotel in Abbeyleix, Co Laois.

€1.75m Glenview withdrawn

A substantial 137-acre residential holding was withdrawn at public auction. The holding at Glenview, Ballingarry, Co Tipperary, was offered at auction last week and while interest was shown, it fell short of the €1.75m guide price. Opening at €1.2m, the property was bided to €1.65m before auctioneer, Ger O Toole of CVA in Portuma, withdrew the holding. Located on the edge of Ballingarry village, it is within 13km of Birr and 22km from Roscrea. Consisting of a main four-bed residence with a small cottage adjoining it, the residence sits on an extensive farmyard with 137.4 acres to boot. The residence is a beautiful, traditional farmhouse that was refurbished in 2009 and is fully equipped and well kept. The lands themselves are of a rich, fertile nature, with the majority having been reseeded within the past five years. Currently, 65 acres of the Glenview estate is in tillage, with 67.4 acres of high-quality grazing ground and five acres of hardwood plantation making up the balance. Previously operated as both a tillage and beef-rearing enterprise, the land is kept immaculately. All fields are fenced with a mix of sheep wire and electric fencing, as well as an extensive network of well-kept hedgerows, which provide shelter for animals. The holding, which comprises of one large block, is laid out in regular paddocks.

Waterford lot sells for guide

76 acres of good-quality ground in Waterford hit its guide price of €600,000 at auction last Friday. The property, located in Knockroe, Lismore, Co Waterford, was guided at €8,000/acre prior to the auction. Brisk bidding at this well-attended auction began after the property was offered at €400,000. Two active bidders pushed the price up to €600,000 before the hammer was dropped. It is believed the property was sold to an agricultural consultant in Bandon. His competitor is believed to be a local farmer in the equine industry. In grassland for the last number of years, the good-quality free-draining soil ensures this parcel is productive. It is well fenced and water is supplied by a mains. The land has been previously used for beef. It also has extensive road frontage onto the N72. Offered only in the entire, there had been quite a bit of interest in the holding prior to auction, according to Daniel Fleming of Blarney Co Cork, who was handling the sale.

Withdrawn at €15,000/acre

16 acres of good ground at Silliot Hill, Kilcullen, Co Kildare, was withdrawn from auction at €15,000/acre. Guided at €13,000/acre, the property opened at €200,000 at auction and was bid to €240,000 by three interested bidders. With no more movement, the property was withdrawn. Negotiations are said to be ongoing and auctioneer Phillip Byrne, REA Coonan, is confident a deal will be secured. Sold in one lot, the ground is said to be exceptionally good. Previously used for grazing, the location, road frontage onto the main Naas to Kilcullen road and the elevated nature of the land means it would be perfect for a residence, subject to planning permission. From an agricultural point of view, the circa 16 acres is suitable for any agricultural purpose.

95 acres sold after auction in Cork

Withdrawn at €800,000, the 95 acres at Umera, Macroom, Co Cork, successfully sold after auction. Opening its doors at €650,000, the property was bid up in increments of €25,000 until it reached €800,000, at which point John Hinchion of Sherry Fitzgerald withdrew the property. After the auction, the property successful sold to a local dairy farmer for a sum considerably higher. Two local bidders were interested in the holding, which had an original guide price of €810,000.

The farm itself was rented out until 2016 and, as a result, a good proportion of the ground, with the exception of two fields, have been reseeded. Overall, the fields, which are all located in one block and are in-grass, could be classified as dry. The property is laid out in over 18 divisions. There are an array of farm buildings, including a shed with a lean-to and a disused five-unit milking parlour and dairy. There is also a crush and collection yard. All are in need of modernisation but offer the basics needed if one was to stock the farm sooner rather than later.