Kilkenny farm makes €1.7m
A 131AC farm in three units and 10 lots in Co Kilkenny sold at auction last week making a total of €1.72m.
The holding surpassed its guide by €420,000 making prices varying from €7,300/ac to €18,500/ac.
In three units, the property comprised a 61ac farm of roadside land divided into seven lots located at Kildrinagh, Woodsgift, a 45ac roadside portion at Greenhill Graine in two lots and a 25ac piece in one unit at Ballybeagh, Tullaroan.
The farm was offered as an entire holding or in lots with the latter winning out in the end.
The first parcel to sell was 19.79ac of roadside grassland at Kildrinagh, Woodsgift, that went under the hammer for €350,000 or €17,685/ac. The second parcel, 4.44ac of roadside land at the same address, made €82,000 or almost €18,500/ac.
Parcel number three consisted of 13.63ac and this sold for €100,000 making just over €7,300/ac. The remaining lots sold for prices ranging from €11,500 to €14,500/ac.
Auctioneer Pat Gannon said that while the sale was complex it was concluded in record time and “everyone in the room seemed to know what they wanted and how much they were willing to pay for it”.