Farm in Kerry sells for over €12,000/acre

Last month, auctioneer Jim Burns, Killorglin, sold a 39-acre farm situated in Callinafersy, Milltown, Co Kerry, for €470,000 (€12,050/acre) before a full auction room at the Manor Inn, Killorglin.

The 39 acres of land came with a range of farm buildings, including a walled silage pit, a six-unit milking parlour, a collection yard, 10t meal bin and two slatted sheds with a connected haybarn and double lean-to. Both sheds are fitted with cubicles and automatic scrapers.

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The farm also comes with the benefit of an internal road system. The land in Callinafercy is of very good quality, being in the fertile Maine valley region of Co Kerry, and Burns believes it will be ideal for a dairy enterprise with all necessary dairy facilities currently in place.

Bidding for the farm opened at €430,000, with three separate bidders making offers for the property.

After nine or 10 further bids, auctioneer Jim Burns sold the farm for €470,000 and said he was “very happy with the result, but was looking for more land in the area to sell”.

Two farms sold in private deals

Auctioneer Pat Quirke of PF Quirke & Co Auctioneers, Clonmel, sold two farms in the Clonmel area at a recent public auctions.

The first farm sold was situated in Curraghateskin, Ballymacabry, Co Waterford, and comprised a two-storey farmhouse with a farmyard and outbuildings, sitting on 80 acres.

Quirke offered the farm in its entire, but receiving no bids he then offered it in three separate lots. Bids were made on all the lots, but each was withdrawn and private negotiations ensued.

Lot one comprised the house and five acres, and was bought by a local lady for her daughter.

The second lot comprised 29.23 acres and was purchased by a local farmer, while the third and final lot extended to the remaining 48.86 acres and was also bought by a local farmer.

The second farm that Quirke offered for sale is situated in Cloneen, Fethard, Co Tipperary.

The plot extends to 51 acres and comes with a number of modern slatted sheds.

The farm had been guided at €450,000 prior to auction and was only bid to €260,000, so Quirke withdrew it from auction to negotiate privately with the highest bidder, finally agreeing on a satisfactory price three hours later.

€12,300/acre at Limerick auction

A lively gathering at the GVM Limerick auction rooms last week saw a 15-acre parcel fetch €185,000, or just over €12,300/acre. The land, which is situated in Dromard, Rathkeale, Co Limerick, is said to be an excellent parcel in a prime roadside location.

Bidding for the land opened at €100,000 and five bidders made offers for the farm. After receiving a bid of €150,000, auctioneer Tom Crosse put the land on the market.

After several more bids, an offer of €185,000 was made, which was enough to secure the land.

The buyer was a local with farming interests.

Immediately afterwards, Crosse offered a 60-acre farm situated in Derryclough, Ballingarry, for sale by auction. Bidding opened at €350,000, but the farm was eventually withdrawn from auction.

A private deal was concluded immediately after auction at a figure believed to be in the region of €450,000 (€7,500/acre).

The land is of mixed quality, with the buyer being, once again, a local farmer.