Tuesday 8 June 2010

Coonan REA sell 68 acre farm for €1.26m

The 68 acre tillage farm at Broomfield, Ballyboughal, North Co. Dublin attracted considerable interest over the past few weeks in the run up to the auction particularly from the local farming community.

Coonan Real Estate Alliance offered the farm for sale in lots as follows
LOT 1 : Farmyard on 23 acres
LOT 2 : Lands c. 30 acres
LOT 3: Lands c. 15 acres
LOT 4:|Entire , yard and lands c. 68 acres

The lots were put up first and then the entire was offered.
Initially, the lots were bid as follows by 8/9 bidders;

LOT 1 ; Bid to €420,000
LOT 2: Bid to €380,000
LOT 3: Bid to €230,000

The entire was then offered looking for bids over these cumulatives.

Three bidders for the entire then battled it out until the hammer finally fell at
€ 1,260,000 representing € 18,529 per acre

The farm located just 1 mile from the village of Ballyboughal, 6 miles from Swords and 13 miles from the city centre is a superb tillage farm with over a mile of road frontage and five gateway access points to road. The farm was in five main divisions and was primarily in tillage with 8 acres in pasture. There was a farm yard with cattle shed, crush , outhouse and sheep pen along with an old mobile home in yard.

The purchaser was believed to be a farmer from North County Dublin.

Coonan Real Estate Alliance 2nd June 2010