Tubbercurry auctions show land sales rising
Land sales Auctioneer specialists REA McCarrick & Sons reports a very busy selling season for Agricultural land throughout Co. Sligo for 2017. With offices in Sligo Town and Tubbercurry, Firm Principal, Roger McCarrick pointed out: “There was a reluctance to sell land during the years of the recession due to reduced prices, but this built up delay has now been released, and 2017 saw a lot of land coming to the market due to a perceived pick up in prices and confidence in the economy”.
Just a few weeks ago Roger held an auction of four different holdings in various parts of south Sligo and all sold either on the day or within a day or two after the auction in Cawley’s Hotel.
At Rhue, Tubbercurry, a 28 acre mixed quality farm at the edge of town was offered and after good bidding was withdrawn at € 240,000. After negotiations the property was sold at a considerably higher offer to a Solicitor acting on behalf of an Investor.
A nine acres holding of good quality land located at Doocastle, Bunninadden sold on the stand at € 57,000 and was purchased by a local farmer. At Carrentubber, Tubbercurry, nine acres was withdrawn at € 45,000 but was sold in the hour after the auction at considerably more to an adjoining land owner. In Gortersluin, Aclare, 25 acres of mountain land was sold at its guide price of € 1,000 per acre. As well as auctions sales, REA McCarrick & Sons sold a number of farms in recent weeks by Private Treaty.
In Ransboro, Sligo, a 33 acre grazing farm sold after long negotiations to an Investor. This was good land and attracted a huge amount of enquiries. The price guide was € 10,000 per acre. In the Gurteen area, a 24 acre holding of mixed and poor quality land sold in the region of € 3,000 per acre. At Carrentubber, Tubber- curry, a 20 acre farm with old cottage residence was offered by Private Treaty and attracted a lot of local as well as outside interest. Excluding a value for the residence, the land sold at approx. € 8,000 per acre. This was located on the edge of Tubbercurry and was mainly good quality land.
Roger said: “Farm income and profit from land remains low and farming is not for the faint hearted or for those looking for a quick return on their investment,” when asked about why people continue to invest in land. “Investment in land is a long- term strategy and an investment for future generations. It is also an investment in lifestyle.”
REA McCarrick & Sons continue to bring land to the market for the rest of 2017 and they have a number of interesting properties just coming to the market over the next few weeks in the west Sligo area, a part of Sligo renowned for its top quality land. At Finod, Easkey, a prime top quality residential farm is new to the market. Comprising a Bungalow residence on 33 acres within two miles of the village of Easkey, it can be sold in one or two lots, Roger explained. Lot 1 comprises the bungalow residence on 12 acres top quality land, complete with dry sheds, stables and a sand arena. Lot 2 comprises 21 acres top quality land 1km from the residence. The entire property has a guide price of € 400,000.
Other farms ready to come to the market in the Aughris, Templeboy area include 19 and 23 acre lots, both of which are non- residential top quality and located close to the sea. Further details shortly.
At Lavagh Village, at the foot of KnocknaShee Hill is a 23 acre non- residential farm which is good quality, but some needing upgrading. Located 1 mile from Achonry Agri Stores, and 4 miles from Tubbercurry, it has a Price Guide of € 150,000.
REA McCarrick & Sons is part of the REA group ( Real Estate Alliance) which has more than 50 offices nationwide and does a lot of international promotion. Earlier this year they held a Property Exhibition in Boston, USA while in 2016 they held one in New York. They are hoping to attend a major Exhibition in Munich Germany later this year and will be looking for all types of rural property – large and small farms, cottages etc. to replace those sold off their books this year to date.
If you are thinking of selling, Roger McCarrick will welcome your call for a confidential discussion on your options. Phone 071 9185050.