Dairy farmer pays €12,000 per acre for Louth prop­erty

Irish Independent - Farming - - PROPERTY FARMING - JIM O’BRIEN

BELLEWSTOWN Bridge Farm ex­tend­ing to 41.65ac at Bellewstown in Co Meath sold in re­cent weeks mak­ing €500,000 or around €12,000/ ac. The prop­erty was guided prior to auc­tion at €450,000.

Lo­cated 2.5km from Bellewstown Race­course and 50m off the Duleek to Ju­lianstown Road the farm has al­most 500m of road frontage along with lane ac­cess. It is com­prised of graz­ing ground, a yard and the re­mains of the mill.

It fronts the Rivers Nanny and Brad­den and has the re­mains of an old water mill and a dor­mant millpond that could be re­vived.

The yard is lo­cated at the cen­tre of the farm and in­cludes a three-col­umn lean to cat­tle shed, an old stone cow byre, a three-col­umn walled and cov­ered hay­barn with a two-bay lean-to.

The land is in four fields with road frontage and river frontage. It is de­scribed as good graz­ing ground that hasn’t been ploughed since the 1940s, even though sur­rounded by tillage farms.

The mill is an in­ter­est­ing fea­ture with part of the mill­race re­main­ing along with the roof­less mill and a millpond that is empty and over­grown. A foun­da­tion stone in­di­cates that the mill was founded in 1773.

At auc­tion pro­ceed­ings got un­der way when Frank Flynn of Drogheda auc­tion­eers Robert B Daly ac­cepted a bid of €420,000.

Two bid­ders, a lo­cal dairy farmer and an out­sider took to the fray and bid­ding con­tin­ued in tranches of €5,000 and €10,000 un­til the ham­mer fell at €500,000 in favour of the dairy farmer.

Ac­cord­ing to Frank Flynn, both buy­ers and sell­ers were de­lighted with the out­come.

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