The world of public auctions has undergone a good deal of change over the last decade or so.
In property sales generally, a move away from public auctions towards private treaties was replaced by public auctions after the downturn, whether for selling houses or selling farmland.
In the case of the housing market, the online auctions began to assert themselves, often putting up several lots at once, with the temptation of getting some very good bargains.
A couple of companies in Ireland have become specialists in this kind of online auction, whose popularity and success rate has increased exponentially in recent years.
Douglas-based DNG Creedon is now one of the country’s top online public auction specialists, and at their next public auction on Thursday, February 13, they will be including some land holdings, including a 39-acre block located near Cashel, Co Tipperary.
According to selling agent Shane Finn, approximately 33 acres of the holding are suitable for summer grazing or silage growing, with another two acres more suited to forestry.
The remaining acreage consists of the land around the slatted unit.
This, the agents say, is a three-bay double-sided unit measuring approximately 45ft by 45ft.
The farm is approximately 10km north of Cashel, 6km from Horse-and-Jockey, and within a kilometre of the M8 Dublin-Cork motorway — in other words, a highly sought-after location.
The property features excellent road frontage with all of the northern boundary of the lands formed by a public road.
The AMV (Advised Minimum Value) for the property is set at €180,000, or €4,600 per acre.
On the face of it, this would appear to be a very tempting price for land in this part of the world, and it will be interesting to see how this block of agricultural land fares in the online auction on February 13.