327-acre Westmeath farm set to fetch over €5m at auction
The public auction on Friday, June 27, of a 327-acre Midlands holding will surely draw a lot of onlookers as well as participants — from both farmers and investors.
The farm is at Annascannon, near the village of Killucan, Co Westmeath — for sale jointly with Trim-based auctioneers REA TE Potterton and Mullingar-based James L Murtagh Auctioneers. The auction will be conducted live at the Greville Arms Hotel in Mullingar and simultaneously online via the LSL Online Auctions platform.
The huge property will be presented in lots, before being offered in its entirety, with different lots offering some interesting aspects to this unique holding.
Some of the quality pastureland on the farm.
Lot 1 comprises 198 acres of land, which includes a quarry and inert waste facility that take up about 70 acres. The rest of it is a mixture of quality land, including excellent grazing land, about 16 acres of maize crop and some woodland.
'This central part of the property sits between the Royal Canal and the Dublin-Sligo railway line,' says selling agent Thomas Potterton. 'The old quarry is now exhausted but we have identified substantial and very clean sand and gravel deposits there.'
A geophysical report is available to interested parties, outlining the nature of these facilities, which may attract farming interests as well as purely commercial ones.
The auctioneers expect this lot to fetch in the region of €4m.
Marked aerial photo of the farm.
Lot 2 consists of 75 acres north of the Royal Canal with a stream running along its boundary.
'It's a very good block of farmland,' Mr Potterton said. 'It's laid out in a number of fields and the majority of it has just been cut for silage.' The price guide is €10,000-€11,000/acre.
Lot 3 is a 54-acre parcel south of the railway line.
'It's all in old pasture and has good road frontage and a water supply. We're guiding in the region of €9,000 per acre," Mr Potterton said.
'The location of this farm is very appealing. It's only about 5km from Kinnegad and the M4 motorway and 68km from Dublin. It makes it very accessible.'
Read More
37-acre Golden Vale farm hoping to follow successful hybrid auction pattern
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Journal
3 hours ago
- The Journal
European Central Bank expected to cut interest rates later today
THE EUROPEAN CENTRAL Bank is expected to cut interest rates by a quarter of a percentage point today. It would be the bank's eighth interest rate cut in the last 12 months, with officials having shifted focus from taming consumer price rises to easing pressure on the sluggish eurozone economy. Expectations that the Frankfurt-based institution will deliver a fresh rate cut were strengthened this week when data showed eurozone inflation eased to 1.9% in May, faster than expected and below its 2% target. 'Any doubts about an ECB interest rate cut this week have now been eliminated,' said Dirk Schumacher, chief economist at German public lender KfW. Advertisement Analysts expect another quarter-point reduction that would take the central bank's key deposit rate to 2%. The reduction would be welcome news for tracker mortgage holders, who would benefit immediately from the move, along with other borrowers. Despite falling ECB rates, Ireland is the fifth most expensive country in the eurozone for mortgages, with Irish homebuyers paying 0.46 percentage points more than the average interest rate on new mortgages across the euro zone, according to a recent Central Bank report. Observers will be on the lookout for any hints from ECB President Christine Lagarde at her press conference that policymakers could hit pause at their next meeting in July, as some expect. The ECB's series of cuts stands in contrast to the US Federal Reserve, which has kept rates on hold recently amid fears that Trump's levies could stoke inflation in the world's top economy. With reporting from © AFP 2025 Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
The Irish Sun
4 hours ago
- The Irish Sun
Who was Greg Monks? Missing Brit last seen in Albufeira found dead
MISSING Scottish tourist Greg Monks was recently found dead in Portugal after being missing for a week following stag do celebrations. After going missing on Wednesday, 28 May, the Scot's body was found in a ravine after a week of extensive searching in the Algarve region. Advertisement 2 The Scot went missing on the 28th May Who was Greg Monks? Greg Monks was a 28-year-old man from Glasgow. Greg worked as a mechanic for Doncaster-based Cementation Skanska. He travelled to Portugal with friends for a five-day stag do in Albufeira, a coastal city in the Algarve, the southernmost point of the country. Greg and his friends were staying at the Novochoro Apartments complex, an hour's walk away from the clubs and bars of Cerro de Aguia. Advertisement 2 Police confirmed that they saw the Scot on CCTV the night he went missing What do we know about Greg Monks' disappearance? Greg told his friends that he was heading back to their accommodation after a night of drinking. Greg was last seen in the early hours of Wednesday, May 28, near the Cerro de Aguia area of the town. An initial report was made to police at 8pm on May 28 by another man accompanying him. Advertisement Police Most read in The Sun His parents and girlfriend flew out to assist in the search. After an agonising wait, his body was found a week later. Greg's body was discovered in a remote area an hour away from the popular Albufeira strip, which is known for its rocky terrain, cliffs and ravines. What have the police said about the incident? Portuguese police have released an official statement: 'PJ police (Policia Judiciaria), through the Southern Directorate and with the collaboration of the Albufeira GNR police force, today located the body of a man who had been missing since May 28 in the Cerro de Aguia area of Albufeira. Advertisement 'The disappearance of the 38-year-old UK citizen was reported to the Albufeira GNR at 8pm on the 28th by another man who was accompanying him on holiday in the area. 'After carrying out various enquiries and establishing the presumed route taken in the early hours of that day since the last sighting, the body was located on steep wasteland.' No cause of death has been provided. The body has been recovered and will be taken for an autopsy before being released, Policia Judiciaria confirmed. Advertisement
Irish Independent
8 hours ago
- Irish Independent
Manna deal with Deliveroo opens door to a million food drone deliveries every day, says founder Bobby Healy
Firm has now signed deals with three of the world's leading food delivery companies Ireland's Manna drone delivery company says it has signed contracts for one million daily delivery flights with three of the world's five biggest food delivery firms. Company founder Bobby Healy told the Irish Independent that the Dublin-based firm's latest 'huge' deal with Deliveroo was the start of a new phase of expansion for the company and that it would be simultaneously live in 10 urban locations in Ireland by the end of the year, before seeking expansion in the UK, Nordic countries and US.
