21-acre land parcel in Limerick fetches over €18,000 an acre at auction
The sale took place of a 21-acre holding at Robertstown, Shanagolden, Co Limerick. at GVM's auction rooms in central Limerick City, on July 2, with Tom Crosse wielding the gavel. This was a hybrid auction, with bids also coming in online via LSL.com.
Between online bidders and bidders present, there were five participants in all.
The property was a prime piece of Golden Vale grassland, with 75m of road frontage, south of the N69, 3km southeast of Foynes and 30km west of Limerick City.
'The holding is flat in nature and of good quality,' said Mr Crosse. 'It's set out in permanent pasture and is ideal for all types of farming use.'
Bidding opened at €210,000. The property was formally placed on the market at €310,000. Several bids later, the gavel fell on a price of €382,000, or €18,100/acre.
Tom Crosse was delighted with the price obtained, saying it 'far exceeded the anticipated selling price… The end bidder was online and bought in trust, we believe, on behalf of a local farmer.'
Mr Crosse further added the Adare/Foynes bypass was now beginning to positively influence local land prices, as affected landowners endeavour to replace parcels they have lost to accommodate the new roads.
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Almost €16k/acre expected for quality 48a East Cork farm
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