Monday 21 September 2015

c. 45 Acres Sold at Auction at Gorteenaskagh, Brittas, Co. Limerick

REA John Lee sold c.45 at Gorteenaskagh, Brittas, Co. Limerick at Auction last week. 
The Roadside Holding extending to c. 45 acres attracted a lot of attention with 3 interested farmers emerging as proceedings got underway. Bidding opened at €150,000 increasing in €10,000 bids to €250,000. At this stage there were 3 bidders and after a short break bidding increased to €290,000 in €5,000 increments. After further consultation the property was offered a final time and reached €302,000 with only two bidders. At this stage the property was withdrawn and after a period of lengthy negotiations a sale was concluded at a satisfactory higher price in the region of €7,000 per acre.