Local farmer pays €15,794/ac for 45ac of north Tipperary land

There is never any shortage of buyers for North Tipp land and the sale of a 45.3ac farm at Toor, Newtown between Nenagh and Portroe attracted plenty of buyers.

The non-residential farm with a small shed sold to a local farmer for €715,000 or €15,794/ac — exceeding the guide by €220,000 or 45pc.

7km from Nenagh and 7km from Lough Derg, the parcel is part of a larger farm that has been rented for a number of years, with vacant possession available from April 1.

The holding is laid out in six grass fields bounded by traditional hedgerow. The land is fertile and level and easily farmed and will make an ideal addition to a dairy operation.

The online on the LSL platform involved six bidders. Under the direction of Eoin Dillon of REA Dillon proceedings opened at €550,000 (well above the guide price of €495,000) and the place went on the market at €600,000 before the hammer fell at €715,000.

Five of the six bidders were local farmers.

45ac Wexford farm makes over €615,000

A 45ac farm with a derelict house and an old yard at Monbeg, Enniscorthy in Co Wexford was withdrawn from auction last week at €615,000 and sold for a higher figure

2km from Ballindaggin village, the farm is 5km off the N80 at Ballycarney and 10km from Enniscorthy and Bunclody.

It consists of an old two-storey farmhouse in need of complete renovation with water supplied from a private well and an electricity connection that will need to be re-established.

The yard consists of a range of old sheds including a former milking parlour, a roundroof shed, a haybarn, and two lofted sheds.

The property was offered for sale in two lots and the entire. The first lot is made up of the house and outbuildings on 0.75ac, with the bulk of the land in the second lot of 27.2ac made up of two fields of tillage and a field of grass.

At auction the place was offered in lots by David Quinn of Quinn Property. The lots peaked at €595,000 and when the entire was introduced it opened at €605,000 and was bid to €615,000 at which point it was withdrawn and sold later for a higher figure.

According to Mr Quinn, the new owner is based in the local area and has equestrian interests.