11ac of land sells after auction

11ac of land sells after auction

 

An 11ac residential parcel of property with extensive out offices located at Rootiagh, Crecora, Co Limerick, sold after auction last week for a price believed to be in the region of over €29,000/ac.

The lands, which are adjacent to the M20, were sold with a single-storey, three-bedroom residence that could do with refurbishment and modernisation. The out offices include a garage, a range of farm sheds and a stable yard with six stables.

Tom Crosse of GVM Property Sales would not be drawn on the sales price but it is believed to be in the region of €320,000.

Staying in Limerick, the executor sale of a 36ac residential farm at Ballinamona, Hospital brought the crowds to the local Community Centre where Gerald Mitchell of EJ Mitchell auctioneers brought the hammer down and sold the holding for €383,000 or over €10,000/ac.

Located 1.6km from Hospital town, the farm was all in grass and laid out in six easily managed fields. Water is supplied by a private well, as well as the river Mahore, which runs at the rear of the farm. A house on the property, reached by a private avenue, is in need of substantial repair and renovation.

Up to six bidders were in action when proceedings opened at €200,000.

The property went on the market at €350,000 and was knocked down at €383,00 to a solicitor believed to be acting for a local farmer.

Leave a Reply