A lease price of €400/ac per year for five years was achieved by Kilkenny auctioneer Joe Coogan for a block of 55ac of grassland at Boley, Ballylinan, Co Laois, in recent days. There is a cattle crush on the land but no entitlements.
Joe Coogan said that the bidding on the land was “like a live wire”. He said: “It opened at €250/ac, went on the market at €300/ac and was sold at €400/ac. It went as quick as a bullock at a mart ring.”
A number of dairy farmers bid on the land but it has been leased by a drystock farmer, with the lease starting in January 2022.
Coogan also sold a 20ac field at Kilrush, Freshford, Co Kilkenny. It opened at €250,000 and was withdrawn at €320,000 after bidding by two dairy farmers. However, after negotiations throughout the day the sale was agreed that evening to one of the dairy farmers for approximately €16,500/ac.
Murtagh Bros had a successful online auction of the 70ac Grandardkill farm at Granard, Co Longford. The property was offered in three individual lots plus the entire. The auction was conducted by Dillon Murtagh and after a run through of all lots, it was decided by the vendor to sell the property in the entire.
The farm went on the market at €1,025,000 and was sold at €1,055,000.
Co Kilkenny auctioneer Eamon McEvoy has sold a 65ac farm at Ballydowel, Freshford, Co Kilkenny, by private treaty. The land is in one block with no buildings and has been rented out for a number of years. The auctioneer, based in Ballyragget, said there were a number of expressions of interest with offers starting at €550,000. The land was put on the market at €620,000. The final bidders were two farmers and a business person. The farm was sold at €665,000 to the business person.
Pat Gannon Auctioneers got well over €1m for the 83.5ac Coolgrange in Co Kilkenny. At auction, the derelict house on 40ac opened at €400,000 and was knocked down at €610,000.
The balance of 43ac was withdrawn at the auction but sold a few days afterwards to a new bidder for in excess of the guide price of €500,000.
Raymond Potterton Auctioneers had a successful sale of the well-known Newcastle House at Castlepollard, Co Westmeath.
It is a period house in good condition on 166ac of grassland. The property was put up for auction in lots.
There were five bidders for lot 1 – the residence and yard on 22ac. It got an opening bid of €220,000 and was then bid on to €390,000 at which it was held. There were also five bidders for lot 2, the balance or the land at 144ac. It got an opening bid of €850,000 and was then bid on to €1.37m at which it was held.
Bidding then switched to lot 3 – the entire. There were two bidders. There was an opening bid of €1.78m and it was then bid on to €1.82m at which point it was held.
Bidding then returned to the lots. Lot 1 was bid to €445,000 and sold at this price. Lot 2 was bid to €1.46m and sold at this price. The total for the two lots came to €1.905m. The guide price for the entire had been €1.2m.
Both lots were bought by a solicitor acting in trust for an unnamed buyer.