Receivership sale makes €18,700 per acre at auction

DEVELOPMENT land with agricultural potential scored well at auction last week, when 11.5 acres near Kilcummin village made just under €18,700 per acre at auction.

The receivership sale was jointly handled by Tom Spillane of Tom Spillane & Co and JC Gubbins of O’Connor Murphy Gubbins, Limerick, and both agents were delighted with the result.

The 11.5 acres at Rathanane, Kilcummin, Killarney, was bid up strongly by a mixed group that included solicitors, accountants and private bidders, but the pace was set by three local bidders, one of whom, a farmer, was the eventual purchaser.