GAA land falls short of reserve price at auction

Patrick Conboy

Reporter:

Patrick Conboy

The Longford GAA County purchased the land at Lyneen with the intention of building a 3 million euro Centre of Excellence on the site.
The Longford GAA County Board has opened negotiations with the highest bidder after land offered for sale at auction this afternoon failed to meet its reserve price.

The Longford GAA County Board has opened negotiations with the highest bidder after land offered for sale at auction this afternoon failed to meet its reserve price.

A small crowd of 12 people attended the auction at Aras Ui Bhriain in Pearse Park to witness the sale of 16.5 hectares (40.77 acres) of land at Lyneen, which the GAA had originally intended to use as the site for its proposed Centre of Excellence.

Auctioneer Fintan McGill of Sherry Fitzgerald McGill sought an opening bid of €140,000, but with no interest forthcoming he was forced to drop to €80,000 before the opening bid was placed.

Just two parties showed interest, with bidding ending at €160,000. As this fell short of the lot’s €200,000 reserve, Mr McGill advised the highest bidder that they could now negotiate with the seller in an attempt to agree a sale price.

The GAA County Board originally purchased the land at Lyneen in 2009 for €380,000 and planned to develop a €3 million Centre of Excellence on the site. This plan was shelved in 2013 due to economic reasons but was revived earlier this year when an agreement was reached with Longford GAA sponsors Glennon Brothers to utilise land owned by the company at Carrigglas Manor.