The farm auction season has got off to a buoyant start with a number of successful early sales.
The season will kick off in earnest later this month with auctions coming up in counties Limerick, Wexford, Kilkenny, Tipperary, Westmeath and Meath.
The most notable sale so far was the 103ac residential dairy farm at Slaneyquarter, Co Carlow, sold in two lots for €2.4m by Quinn Property. Lot 1, the farmhouse and yard on 75ac sold for €1.63m. Lot 2 was 28ac and it sold for €770,000 or €27,500/ac (see full report on page 18 of Irish Farmers Journal).
The same auctioneer sold c24.5ac of coastal grassland at Lacken, Duncormick, Co Wexford.
This holding was laid out in six fields and came with a cattle pen and crush and a derelict building. Some of the land required improvement work.
The property was guided at €5,000/ac. Seven individuals registered to bid in the online auction and it sold for €152,000 or approximately €6,200/ac to a local farmer.
This was Lot 1 of the 103ac dairy farm in Co Carlow - the farm made €2.4m in total.
The c14ac at Killahard, Co Wexford sold by Sherry fitzgerald Radford
Also in Co Wexford, Sherry Fitzgerald Radford sold a farmhouse and yard at Killahard, Blackwater, on c14.3ac, for €530,000. The land was laid out in two fields and had road frontage. The house was traditional in style and required modernising.
The yard included a number of modern haysheds.
Meanwhile, auctioneer Chris Smith of Quillsen said this week that more land owners with zoned land are now considering disposing of it, because of the Residential Zoned Land Tax. He sold a 4.24ac parcel with residential zoning at Summerhill, Co Meath last week for €2m or €467,945/ac.
Five bidders competed – all builders – with the buyer understood to be a local construction firm.
The ground was in grass and did not have planning for building work.
The farm auction season has got off to a buoyant start with a number of successful early sales.
The season will kick off in earnest later this month with auctions coming up in counties Limerick, Wexford, Kilkenny, Tipperary, Westmeath and Meath.
The most notable sale so far was the 103ac residential dairy farm at Slaneyquarter, Co Carlow, sold in two lots for €2.4m by Quinn Property. Lot 1, the farmhouse and yard on 75ac sold for €1.63m. Lot 2 was 28ac and it sold for €770,000 or €27,500/ac (see full report on page 18 of Irish Farmers Journal).
The same auctioneer sold c24.5ac of coastal grassland at Lacken, Duncormick, Co Wexford.
This holding was laid out in six fields and came with a cattle pen and crush and a derelict building. Some of the land required improvement work.
The property was guided at €5,000/ac. Seven individuals registered to bid in the online auction and it sold for €152,000 or approximately €6,200/ac to a local farmer.
This was Lot 1 of the 103ac dairy farm in Co Carlow - the farm made €2.4m in total.
The c14ac at Killahard, Co Wexford sold by Sherry fitzgerald Radford
Also in Co Wexford, Sherry Fitzgerald Radford sold a farmhouse and yard at Killahard, Blackwater, on c14.3ac, for €530,000. The land was laid out in two fields and had road frontage. The house was traditional in style and required modernising.
The yard included a number of modern haysheds.
Meanwhile, auctioneer Chris Smith of Quillsen said this week that more land owners with zoned land are now considering disposing of it, because of the Residential Zoned Land Tax. He sold a 4.24ac parcel with residential zoning at Summerhill, Co Meath last week for €2m or €467,945/ac.
Five bidders competed – all builders – with the buyer understood to be a local construction firm.
The ground was in grass and did not have planning for building work.
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