Good turnout expected for auction of 102-acre Golden Vale farm
Lot 1 of the 102-acre farm up for auction at Lissard, Galbally in Co Tipperary.
Coming under the hammer on Wednesday, May 21, is a 102-acre farm in the heart of the Golden Vale, approximately 10km from Tipperary Town.
The property is at Lissard, 1.5km from the village of Galbally and the auction will take place in the time-honoured fashion before a live audience at Ballykisteen Hotel, 5km northwest of Tipperary Town and close to Limerick Junction.
This is the kind of auction whose result will be keenly watched as a barometer of the local agricultural land market; a large chunk of grassland in one of Ireland’s prime dairying areas.
The holding is naturally divided into three separate lots by the public road, offering excellent road frontage on all lots. Lot 1 consists of 73 acres of land; Lot 2 is a 9-acre land parcel; Lot 3 has 19 acres of land; Lot 4 is the entire holding.
While the general expectation is for the property to go in lots, it will come down to how things go on the day of the public sale, where the man with the gavel will be Matt Ryan of Tipperary-town-based auctioneers Matthew Ryan & Son.
“It’s a farm that has been let for a good number of years,” said Mr Ryan, “but it’s a very good parcel of ground, particularly Lot 1.
"With the 9-acre lot, you have a nice piece of land where someone could build a house. The 19-acre lot (Lot 3) is a low-lying piece of land that has been somewhat neglected over the years, but with tremendous potential to be brought back to its best.”
Given the rarity of the sheer size of the lands on offer, the selling agent believes that there will be a good deal of local interest, and the property’s location in Tipperary should also guarantee interest from farther afield.
“They don’t come up that often in this area – certainly farms of that size,” added Mr Ryan.
The price expectations will surely attract bids too: €10-€12,000/acre for Lot 1; €100,000-€120,000 for Lot 2; €100,000 (€5,300/acre) for Lot 3.
