A strong auction result was recorded at the Limerick City Auction Rooms last Wednesday week, May 13. An 82-acre holding at Toberyquin, Ballyneety was sold for €850,000 (€10,365/acre).
Although the land was, according to selling agents GVM, “a top class grazing farm”, the price was highly impressive given the farm was on the larger side, access was via a narrow cul-de-sac and shared passageway, with limited outbuildings and a derelict farmhouse.
According to agent Tom Crosse, who conducted the auction, the property boasted spectacular views of the countryside and attracted the interest of a good deal of neighbouring farmers.
With approximately 50 attending, bidding opened strongly at €500,000, quickly rising to €760,000. No further bids were forthcoming, a recess was called and a deal was concluded immediately. The buyer is believed to be a substantial farmer from a neighbouring parish.
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