This weeks property auction was held in the picturesque setting that is Tattersalls in Ratoath Co. Meath.
Up for auction today was a prime piece of 14-acre farmland, with an old derelict cottage and three bay hay shed on site. Also included was the small cattle yard which is also on the lands.
The property is divided up into five plots, separated by hedgerows. It is a prime piece of grazing land and the sheds on site are currently being used to house bales.
There were in total seven bidders for the property, with a real interest and buzz about the auction. Auctioneer on the day was Padraig Sherry of Sherry Fitzgerald Sherry in Dunshaughlin Co. Meath.
The first bid came in for the asking price of €140,000 and from here the bids came in thick and fast. Two bidders began the battle, with bids increasing by between €10,000 to €15,000 until a third bidder entered the fray. From here it was back and forth until a final bid of €215,000 was received.
The vendor and auctioneer then went to discuss whether to sell or not and it was decided to put the property back on the market to be sold to the highest bidder. More bidders began entering the action, and the price gradually made its way up to €260,000. From here it looked like a bidder at the back of the room had secured the property, until one man bid €270,000 in his opening bid of the day.
He came out victorious with his one and only bid, leaving the other closest bidder very disappointed indeed. He received the good wishes of the selling farmer, who has recently retired.
A great auction held in Tattersall, Ratoath Co. Meath. Thanks to Padraig Sherry and his team for having us down. For more information or to view other properties offered by them visit here.