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the property was withdrawn and after a period of lengthy negotiations a sale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.
