An 87.6ac residential farm located near Listowel, Co Kerry has sold at auction in one lot for €1.66m. The farm at Ballygrennan was brought to auction by Dillon Prendeville Auctioneers with a guide price €1.125m.
The bidding opened at €1.1m and five bidders then competed to buy the farm. The bidding initially rose in increments of €25,000 up to €1.6m and then went to €1.62m.
It thereafter rose in increments of €10,000 until it was knocked down, at €1.66m, to a local firm of solicitors Purtill Woulfe Murphy, who were acting for a client.
PF Quirke & Co Clonmel auctioned three blocks of land last week. The first lot was 14.8ac with an old stone house at Ballyluskey, Drangan. This opened at €200,000.
There was no other bidder and the property was withdrawn. After negotiations, the holding was sold to the bidder for a price which the auctioneers described as “substantially higher”.
The next lot was 6.1ac at Cloughtaney, Drangan. This met good interest and a number of bidders competed to buy the land. The hammer finally dropped at €120,000 or approximately €19,700/ac.
The third and largest block was 36.1ac at Newtowndrangan. The bidding for this lot opened at €500,000. Multiple bids brought the bidding to €700,000 at which point it was placed on the market and then sold.
This is the 36.17ac holding at Newtowndrangan, Co Tipperary.
An 87.6ac residential farm located near Listowel, Co Kerry has sold at auction in one lot for €1.66m. The farm at Ballygrennan was brought to auction by Dillon Prendeville Auctioneers with a guide price €1.125m.
The bidding opened at €1.1m and five bidders then competed to buy the farm. The bidding initially rose in increments of €25,000 up to €1.6m and then went to €1.62m.
It thereafter rose in increments of €10,000 until it was knocked down, at €1.66m, to a local firm of solicitors Purtill Woulfe Murphy, who were acting for a client.
PF Quirke & Co Clonmel auctioned three blocks of land last week. The first lot was 14.8ac with an old stone house at Ballyluskey, Drangan. This opened at €200,000.
There was no other bidder and the property was withdrawn. After negotiations, the holding was sold to the bidder for a price which the auctioneers described as “substantially higher”.
The next lot was 6.1ac at Cloughtaney, Drangan. This met good interest and a number of bidders competed to buy the land. The hammer finally dropped at €120,000 or approximately €19,700/ac.
The third and largest block was 36.1ac at Newtowndrangan. The bidding for this lot opened at €500,000. Multiple bids brought the bidding to €700,000 at which point it was placed on the market and then sold.
This is the 36.17ac holding at Newtowndrangan, Co Tipperary.
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