327-acre Westmeath farm set to fetch over €5m at auction
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.'
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