€9,300 per acre at auction for grass farm in Tipperary

Public auctions are still producing the goods and a substantial non-residential holding went under the hammer two weeks ago at the offices of P J Quirke & Co in Clonmel.
€9,300 per acre at auction for grass farm in Tipperary

Public auctions are still producing the goods and a substantial non-residential holding went under the hammer two weeks ago at the offices of P J Quirke & Co in Clonmel.

The land for sale was a 59.25-acre farm located in the townland of Kilkennybeg, near Killenaule and approximately 20km east of Cashel. The property was described by auctioneer Pat Quirke as an excellent piece of land in a well-located much sought-after part of South Tipperary:

“It’s an excellent parcel of land,” says Pat, “and well located on the Killenaule to Drangan road with good road frontage.”

The good access extends also to the M8 Dublin-Cork motorway: “The property has easy access to the M8, Cashel and Fethard,” says Pat. “There’s a central roadway too, giving access to all the fields and there are good cattle handling facilities on site.”

According to the selling agents, the property is well fenced with a good water supply and electricity supply. There are also a number of stone outbuildings on the farm and it boasts some excellent views. The agents described it as “ideal as an out-farm but even better as a holding on which to build a residence, subject to the necessary planning permissions.”

On the day (Tuesday, the 10th of March last), nine parties were in attendance at the auction rooms on Gladstone Street in Clonmel. Two active bidders were vying for the purchase of the farm that carried a guide price of €540,000 (€9,100/acre), with the first bids being tentative:

“Bidding opened at €300,000 (€5,000/acre),” says Pat. “They continued regularly and increased to the eventual sale price under the hammer of €550,000 (€9,300/acre)… It’s a good result for lands in the Killenaule area and reflects the quality of the land.”

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