Grazing land makes €540 per acre per year at Kilkenny auction
Joe Coogan
Castlecomer-based auctioneer Joe Coogan held three separate auctions on Friday, January 13 at his Auction Room, Ballycomey House, Castlecomer, Co Kilkenny.
The first auction consisted of circa 15.5 acres of good grazing land with no entitlements.
Situated beside a public road with water supply and cattle crush.
Bidding commenced at €300 and concluded at €540 per acre per year.
There were several interested parties and bidding was swift, with both the successful bidder and underbidder having dairy enterprises.
The second auction consisted of circa 5 acres of good grazing land with no entitlements. Situated beside a public road with water supply.
Bidding commenced at €400 and concluded at €510 per acre per year.
The third auction consisted of circa 20 acres of good grazing land with no entitlements. Situated beside a public road with water supply.
Bidding commenced at €200, and the lot was withdrawn from public auction at €430.
The lands were leased for a higher figure later that evening, by a dairy farmer.
Three auctions held last week, together with other successful auctions before Christmas with 50 acres at Ballymaddock, Abbeyleix leased for €570 per acre.
There is a huge demand for leasing of land at present. This is an ideal opportunity for anyone thinking of leasing their lands.
For further information and advice contact Joe Coogan Auctioneer any time on 087-2579012.