Killarney farm sells for high price

Land sales along the Cork-Kerry border are moving along very well, with recent auctions yielding some exceptionally positive results.
Killarney farm sells for high price

Killarney-based auctioneers Tom Spillane & Co sold a 75-acre farm at public auction last Friday. The mixed farm boasted great access, and had about 55 acres of top quality grazing land, and 18 acres of forestry yielding an annual premium of €3,200 between now and 2028.

The hammer failed to fall in the auction room at the Royal Hotel in Killarney, and the property at Umeraboy, Knockagree (just over the Cork border) was withdrawn at €600,000, selling subsequently to a local farmer for an undisclosed higher figure.

Meanwhile, another sizeable holding in the townland of Lisheenacanna, Ballyhar (around 8km north of Killarney) was sold by public auction exactly one week previous at the same venue, for what the auctioneer Tom Dennehy of William Dennehy & Co describes as a record price.

The 44.5 acre farm was sold in two lots. Lot 1, of 17.5 acres, was top-quality grassland with farm buildings that included a three-bay shed, double cubicles, a silage base and other out-offices. This lot went for €300,000 — a whopping €17,142 per acre.

Lot 2 made less money per acre but reached the nonetheless impressive price of €360,000 (€13,382 per acre). This was a larger lot of 26.9 acres of mixed quality grassland, according to the auctioneer, with parts of it “overgrown and neglected”.

Both lots — which overall sold for €14,831 per acre — were sold to local farmers amongst the large attendance.

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