Today, July 37th, saw the public auction of a 32-acre piece of farmland and a three-bed property held in Campbell’s pub in Ballinlough.
Auctioneer on the day was Williamstown based, Gerry Coffey and up for grabs was a 32-Acre Farm with the option to buy a three-bed property. The property was owned by the late Jimmy Keane, who ran a prize-winning herd on the lands and the pub was packed with locals looking to get their hands on some of the lands.
Lot one - 13-acres of top quality lands with three bay slatted shed and other outbuildings.
Lot two- 10.5 acres of roadside lands
Lot three- 8.2 acres of roadside lands
Lot four- three-bed bungalow on 0.71acres
Lot five- all lands together
Lot six- all lots together
There was plenty of local interest in the property and bidding started at €70,000 for the 13-acres with slatted sheds. From here, the bids moved quickly up by €5,000 a time, with two local farmers battling it out. The bidding settled on €90,000 before the auction moved onto the other lots.
Next up for auction was lot two, 10.5acres of roadside lands. Bidding for this one began at €40,000 and this was the only interested bidder. Lot number three, 8.2-acres, was up next with one bid of €25,000 made.
Lot four, the three-bed property, was up next and there were two interested buyers in this property. One was a phone bidder and he started the process with a €50,000 bid. Bids quickly moved up to €71,000 and this is where the bids settled.
Lot Five was all of the lands in their entirety, 32-acres in total. To be sold as one, with a bid in excess of €160,000 required. There was only one interested party though, with a bid of €170,000.
Lot six, the final of the day, was four the property in its entirety, with the lands and house all included. To be successful, a bid in excess of €241,000 was needed. However, there were zero interested parties, meaning it was withdrawn.
After this Gerry Coffey had to go back and sell the lands individually again, as the bid for the farmlands all together was €170,000, meaning more was needed on each individual lot. Lot one when re-entered needed a bid in excess of €95,000. New bidders then entered the fray and the bidding quickly moved up to €115,000, before it eventually landed on €130,000. Lot two when re-entered remained unchanged at €40,000. Lot three when re-entered made no more than the original €25,000 bid.
Next up was the lands in their entirety, with a bid in excess of €195,000 needed. This wasn't to be and following a recess and consultation with the vendors, it was decided to sell all properties individually. Lot number one went under the hammer once more and sold for a final bid of €137,000. Lot two when re-entered made €40,000, with bidding settling on €25,000 for lot three.
Lot four, the three-bed bungalow, saw bidding finish on €71,000 to a phone bidder.
Altogether the properties made a total of €273,000, in what was a very entertaining and competitive auction.
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