Residential farm extending to 46 acres in County Limerick sells at auction
The sale of the property in Ballingarry took place at GVM's auction room in Kilmallock Mart
AUCTIONEER Richard Ryan was the man with the gavel at the sale of a 46 acre residential roadside farm at Ballyvologue, Ballingarry.
It took place in GVM’s auction room in Kilmallock Mart. The property was described by GVM’s Mr Ryan as a “superb south facing Golden Vale holding with excellent quality permanent pasture, laid out in well-sheltered rolling fields with extensive road frontage”.
Farm buildings included two haybarns, cubicle house, silage apron, cattle pen and crush. A three-bedroom bungalow is vacant and requires refurbishment.
The bids came from both in house and through the online LSL facility with an opening bid of €650,000 from the floor. Mr Ryan had a relatively easy job to arrive at €820,000.
After a brief recess the property was placed on the market. Mr Ryan dropped his gavel a few minutes later at €820,000 in favour of the in house bidder West Limerick-based estate agent Pat O’Donovan, who was believed to have been representing a local farming family.
Commenting after the auction, Mr Ryan said that it was a property that offered great potential given that there was an existing residence and it was well-situated within close proximity to Ballingarry and Croom. He was satisfied with the price achieved which was in line with the vendors’ expectations.