Farm fetches €825,000 in tit-for-tat Tipp auction battle

Irish Independent - Farming - - PROPERTY FARMING -

LAND sales are con­tin­u­ing apace with good re­sults up and down the coun­try.

A 49ac res­i­den­tial farm with a tra­di­tional house and yard at Bal­li­na­how, 2.5km from Tip­per­ary town, sold for €825,000.

Lo­cated on the Gal­bally Road, the house is a two-storey farm­house in good struc­tural con­di­tion but in need of ren­o­va­tion and moderni­sa­tion. The ac­com­mo­da­tion in­cludes three bed­rooms, a bath­room, a sit­ting room and a kitchen.

The yard in­cludes a seven-col­umn hay­barn and dou­ble lean-to, and there is also a slated stone shed with a range of stor­age sheds suit­able for a va­ri­ety of uses.

The land is made up of prime graz­ing ground with plenty of road frontage and frontage on to the Arra River to the rear.

At auction, the farm was of­fered in lots and as an en­tire, and with both the var­i­ous for­ma­tions at­tract­ing in­ter­est, the re­spec­tive cus­tomers fought it out to the end.

The house and sheds on 1ac, guided at be­tween €100,000 and €120,000, was bid to €140,000 by two par­ties in the first round. A par­cel of 48ac with road frontage and river frontage was bid to €490,000 by four bid­ders.

The en­tire opened at €650,000 and, with one bid­der show­ing cause, the rest of the auction was a tit-for-tat battle be­tween the lots and the en­tire. The prop­erty went on the mar­ket at €700,000 and, in its en­tire, sold for €825,000 to two lo­cal dairy farmers act­ing jointly.

At the other side of Tipp town, a 76ac res­i­den­tial farm at Gort­na­corn Moneyn­aboula was sold af­ter auction and be­lieved to have made its guide of be­tween €650,000 and €700,000.

Lo­cated 6.4km from the town, at the heart of the Glen of Aher­low, the land is de­scribed as ex­cel­lent ground suit­able for any farm­ing en­ter­prise, with plenty of road frontage and frontage on the Aher­low River.

The house is a sub­stan­tial five-bed­room farm­house ap­proached by a tree-lined av­enue. It hasn’t been lived in for 10 to 12 years and is in need of ex­ten­sive re­fur­bish­ment work.

At auction, the place failed to achieve a bid, but two cus­tomers showed in­ter­est af­ter the auction and the place sold for its guide to a lo­cal con­trac­tor/dairy farmer.

Tip­per­ary auc­tion­eer Matt Ryan with­drew The two-storey farm­house at Bal­li­na­how a 32ac res­i­den­tial farm lo­cated within the ur­ban boundary of the town af­ter it was bid to €355,000 by two bid­ders.

Lo­cated five min­utes from the cen­tre of Tip­per­ary, the ground is made up of qual­ity lands that are cur­rently in grass. The res­i­dence is a three-bed­room house with a work­shop and a pit.

The prop­erty was zoned res­i­den­tial in a pre­vi­ous de­vel­op­ment plan, but is cur­rently zoned agri­cul­tural.

At auction, the hold­ing was of­fered in lots and as an en­tire, with one lot com­prised of 31ac guided at €15,000/ac, the sec­ond made up of the res­i­dence and work­shop on 1ac guided at €150,000. Ne­go­ti­a­tions are on-go­ing.

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