GVM Auctioneers sold three Co Limerick farms at auction in recent days. First up was a 35.5ac residential roadside farm at Millmount, Kilmallock. The single-storey farmhouse was in need of complete refurbishment.
The farm is divided by the main Dublin to Cork railway line. However, an underpass allows access between both sections. The River Loobagh runs along a stretch of the boundary, ensuring uninterrupted water supply.
The property was offered for sale in the entire and there were bids from both the room and from online. The bidding opened at €350,000. At €530,000, a recess was called after which the property was placed on the market.
Two further bids were made and the farm was knocked down at €540,000 to Limerick city estate agent JC Gubbins – acting for a local family.
The second farm offered at auction was a 64ac residential farm at Drombeg, Athlacca. The Morning Star River flows along the southern boundary of this farm. In the yard there is a hayshed with lean-to, an open slurry pit and an office. The residence s a traditional farmhouse in good decorative order.
The property was first offered in lots. Lot 1 was 59.5ac and it was bid to €660,000. Lot 2 was 4.5ac with the house and yard and it received just one bid of €250,000.
Interest increased when the entire was offered. Three bidders competed and brought the bidding to €1.1m.
A recess was called after which auctioneer Richard Ryan declared the farm on the market. A few minutes later his gavel came down in favour of a Co Kerry based bidder at a €1.25m, or €19,531/ac.
The third auction was for a roadside farm of 39.7ac at Ballyguile and Ballynoe, Castletown, Kilmallock. The farm was offered in lots. Lot 1 sold for €165,000 and Lot 4 sold for €10,000.00. Lot 2 is now for sale by private treaty.
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