Home Property €12,500 per acre as land with extensive road frontage sells at Killeen,...

€12,500 per acre as land with extensive road frontage sells at Killeen, Mountmellick, by Public Auction

Matt Dunne Killeen

At a recent Auction in the Maldron Hotel Portlaoise Matt Dunne Auctioneer sold 23 acres of land on behalf of the representatives of the Estate of Bridget O’Connor deceased, Patrick Street, Portarlington.

The Auction was well attended and proceedings opened with a bid of €200,000.

The land described as good grazing land with a cattle crush and unending water supply was chased by three bidders in increments of 5K and 10K to €230,000 when it was then declared on the market.

In the end it came down to two serious bidders a dairy farmer verses two neighbours who decided to work together.

Matt Dunne’s hammer eventually dropped at €287,500, or circa €12,500 per acre.

There was a loud round of applause for the two popular local men Mr Liam Lynch and Mr Pat Brophy who won the day.

Mr Lynch said after the auction that when he was a child, he regularly helped the late Mr O’ Connor ‘bring in the hay’ and ‘he always gave me a few bob, and my dream has come through that someday I may own the field’.

Matt Dunne urgently requires more land for sale in the area for disappointed underbidders.

Email info@mattdunne.ie or Phone 05786 23349.

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