Three Limerick lands sales make over €1m in an hour

Donal O'Regan
By Donal O'Regan
Published 22nd May 2022, 14:33 GMT
Eight seven acres at Tullabracky, Bruff made €1,130,000placeholder image
Eight seven acres at Tullabracky, Bruff made €1,130,000

AUCTIONEER Tom Crosse wasn't hanging about when he conducted three Limerick land sales in just an hour.

Mr Crosse completed the "hat-trick" at GVM Auction Rooms in Limerick city on Thursday. The auctions were a blended mix of attendees and online bidders.

"First up was 87 acres at Tullabracky, Bruff (picture above) which has extensive road frontage to the R512. Bidding opened at €800,000. There were three active participants. It went on the market at €1.1m and sold under the the hammer at €1,130,000 or €13,000 per acre," said Mr Crosse.placeholder image
"First up was 87 acres at Tullabracky, Bruff (picture above) which has extensive road frontage to the R512. Bidding opened at €800,000. There were three active participants. It went on the market at €1.1m and sold under the the hammer at €1,130,000 or €13,000 per acre," said Mr Crosse.

Next was 9.6 acres at Lemonfield, Crecora (pictured above). Bidding opened at €100,000. It went on the market at €180,000. Mr Crosse dropped the gavel at €260,000 or €27,000 per acre.

"The demand for agricultural land continues unabated," said Mr Crosse.placeholder image
"The demand for agricultural land continues unabated," said Mr Crosse.

Last but by no means least was a one acre plot at Ardshanbally, Adare (pictured above). Bidding opened at €25,000 with Mr Crosse concluding proceedings at €42,000.

Mr Crosse expressed satisfaction with the prices obtained and is now seeking similar type holdings for "disappointed underbidders".

Related topics:LimerickPropertyAgriculture
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