Latest news with #TomCrosse
Irish Examiner
09-07-2025
- Business
- Irish Examiner
21-acre land parcel in Limerick fetches over €18,000 an acre at auction
The Limerick office of GVM Auctioneers reported another successful agricultural land auction last week. 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 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. Read More Almost €16k/acre expected for quality 48a East Cork farm
Irish Examiner
28-04-2025
- Business
- Irish Examiner
Limerick farm fetches €17,000/acre at auction
Limerick-based auctioneers GVM Property had another successful auction last week with a 30-acre property at Ballyshane, Newcastlewest, Co Limerick. This is a part of the Golden Vale that has been much coveted over the last number of years, and the size of this holding meant that there was always likely to be a wide range of potential suitors. The auction was a 'hybrid' type, with bids coming live from the floor, as well as from online bidders. The property was described by auctioneer Tom Crosse as a compact parcel of land of medium quality located near the village of Monagea and on the road linking Monagea and Newcastle West. Significantly, the property included a derelict house — an element that draws a lot of attention these days with such a severe shortage of housing. 'Part of the land requires drainage,' Mr Crosse added, 'And there's good road frontage.' In all, there were eight bidders lining up on the day. Three of them were pre-registered online bidders, with five more bidders going the traditional route of being present on the floor. The bidding opened at €350,000 and after a number of bids, the farm was placed on the market at €475,000 (€16,000/acre). Bidding continued until the gavel fell at €510,000 (€17,000/acre) to a buyer believed to be a local farmer. Commenting immediately after the auction, Tom said that the price 'reflects the continuing and excellent demand for land". Unsurprisingly, the bidders on the day were a mixture of farmers and business people. Read More A solicitor's tips for a smooth land sale
