Monday 21 September 2015
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 At this stage the property was withdrawn and after a period of lengthy negotiations a sale was concluded at a satisfactory higher price in the region of €7,000 per acre.