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Irish Examiner
7 days ago
- Business
- Irish Examiner
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
Irish Examiner
29-05-2025
- Business
- Irish Examiner
44-acre North Tipperary farm exceeds expectations at auction
Last featured here on May 14, a 44-acre farm in North Tipperary was successfully sold at auction last Wednesday, May 21. The man with the gavel was Tullamore-based Thomas Potterton of REA Potterton. The auction was live at the County Arms Hotel in Birr, with a simultaneous auction online via the LSL auctions platform. The pre-auction expectation was between €12,000 and €13,000/acre. The farm is at Castlesheppard, approximately 3kms off the N52, 8kms from Borrisokane, 15kms from Birr and 22kms from Nenagh. 'We had great interest in the land prior to the auction,' says Thomas. 'On the day itself, we had a full room – about 25 to 30 people – as well as a couple of people who had registered online. The bidding opened at €400,000.' The 44-acre farm was sold for €580,000. With four bidders in the mix initially (including one online), the value of the farm increased up to €520,000. After it passed the €550,000 mark, there were just two bidders remaining – one in the room and one online. 'We declared it on the market when it reached €580,000,' says Thomas. With no further bids coming, it was sold to the bidder in the room, who purchased it in trust – possibly on behalf of a farmer. At a price of €13,200/acre, it was a satisfactory one for the vendor, exceeding expectations.
Irish Examiner
14-05-2025
- Business
- Irish Examiner
€12-€13,000/acre expected at auction for 44-acre Tipperary farm
Coming up for auction next Wednesday, May 21, is an interesting 44-acre holding located in North Tipperary. The man with the gavel on the day is Tullamore-based Thomas Potterton of REA Potterton, and as well as the live auction at the County Arms Hotel in Birr, there will also be a simultaneous live online auction via the LSL auctions platform. The property is in the townland of Castlesheppard in North Tipperary in a fertile zone about 3km off the N52, 8km from Borrisokane, 15km from Birr and 22km from Nenagh. 'It's a really nice block of land,' said Mr Potterton of the holding. 'It's all in permanent pasture and it's probably best suited as that. It's laid out in three or four fields and there's a nice piece of woodland of about seven or eight acres in the centre. 'There's piped water supply to each of the fields. There's a good well there but there's also mains water available at the roadside.' The locality is well supported by an established farming infrastructure with abattoirs, contractors, merchants, Nenagh livestock market, and other service industries, which are all close at hand. The property includes a good farmyard with outbuildings. These include a hay barn with lean-to out offices and crush. According to the selling agents, the lands have been carefully farmed down through the years and ready to go for the next owner. 'It would also be a lovely piece of land to build a house on,' added Mr Potterton, who pointed out there are two entrances directly from the public road. 'You have plenty of road frontage onto a minor public road… it's also a lovely area, with the Slieve Bloom mountains in the background.' The locality, Mr Potterton added, is well supported by an established farming infrastructure with abattoirs, contractors, merchants, Nenagh livestock market, and other service industries, which are all close at hand. According to the selling agents, there has been a good level of interest so far. In terms of price, the hope is the farm will make in the region of €12,000 to €13,000/acre. It's a reasonable amount that should be very achievable for a quality land block in this part of the world.
