A 32-acre farm in Geashill between Portarlington and Tullamore sold for €300,000 – or €9,400 per acre – at auction this week.
The vendors were the reps of the late Melvie O’Rourke and the buyer was a Dublin man who had already purchased a farm in the area.
Some of the land was low lying and prone to flooding whilst the remainder was all good arable land.
The auction was held in The Heritage Hotel in Killenard and was a throwback to pre-Covid times by being conducted in traditional style and with no live online element.
“I knew all the interested parties would be local, so what was the point in introducing the technology,” joked Dunne.
The bidding opened at €250,000 and rose in €5,000 increments, at €270,000 Matt left the room to take instructions, but no “white smoke” was forthcoming from the vendors.
With new endeavours the bidding quickly rose to €300,000 at which time it was declared on the market, with no further bids, before the hammer fell.
The priced averaged out at, €9,400 per acre and the solicitor on the day was Patrick Fox C/o Hoey & Denning, Tullamore.
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