Dublin tillage farm sells for €15,000/ac
FARMLAND is continuing to sell strongly with parcels large and small making good money.
Among the latest success stories was a 179ac non-residential tillage farm at Greenogue on the Dublin/Meath border.
It sold at public auction last week, making €2.71m or just over €15,000/ac.
The farm is 4.6km from Ashbourne, 10km from Swords and 15km from Dublin Airport. According to Andrew Nolan of selling agents Goffs Country, the well-renowned tillage farm with a useful yard is suitable for any purpose.
It includes a five-column hay barn with a lean-to and a stable yard with four stables all set on an extensive hard-core area.
Laid out in about seven divisions, the land is well fenced with excellent road frontage and good boundary fencing. A top class internal roadway system runs through the property, servicing all divisions, and this feature should make the holding particularly attractive for dairy buyers.
At auction, it opened at €2m and with two bidders driving the sale, it went on the market at €2.7m, selling under the hammer for €2.71m.
It was bought by a local businessman acting in trust.
Not far away, a 43ac residential farm at Belgard and Farranadum, near Kilcock, sold under the hammer of Eamon O’Flaherty of Sherry Fitzgerald Brady O’Flaherty.
The parcel included a derelict cottage and made €695,000, beating its guide by more than €250,000, realising a per acre price of over €16,000/ac.
Mr O’Flaherty offered the farm initially in a variety of lots.
The significant action began when a combination of lots, comprising the house on 15ac, attracted an opening bid of €410,000 and this was sold at €420,000 to a couple from Maynooth with farming interests.
A parcel of 28ac of grassland on the opposite side of the public road was initially bid to €250,000 and eventually sold for €275,000 to a young couple from the locality.
The final figure of €695,000 certainly reflected a strong price for the farm. The pre auction guide price was €440,000.
CLARE FARM BREAKS THE MILLION MARK
Meanwhile, in Munster, Tom Crosse of GVM sold a Georgian House on 65ac with a good yard at Sixmilebridge in Clare. Springfield House, a six-bedroom residence, included ancillary accommodation, extensive stabling and outbuildings on 65ac of top class grazing ground. At auction, bidding opened at €800,000 and with five bidders in the chase, the price climbed rapidly but matters came to a halt at €1.15m when the property was withdrawn.
It sold immediately after auction for a figure believed to be in the region of €1.3m. The holding was bought by a family with extensive farming interests in the area.
A Georgian house on 65ac at Sixmilebridge, Co Clare, sold after auction where bidding had pushed it to €1.15m