After a rather long battle for a 230 acre farm in Newtowncashel last week, Murtagh Bros, Mullingar, finally secured a deal on the site, which went under the hammer to a packed and enthusiastic crowd on Friday last.
The farm at Derrymacar, Newtowncashel was a mixed quality holding, featuring 70 acres of lake and SAC and 20 acres of bog, while the remainder comprised of rough grazing - possibly suited to forestry.
The property was offered in a range of lots, but the majority of interest was in two main lots, namely the residences on 196 acres which was bid to €510,000, while the remaining 31 acres peaked at €130,000.
Despite being withdrawn at auction, negotiations ensured immediately afterwards and a private deal was agreed for both lots at undisclosed figures. It is understood that the buyer of the residences and yard on 196 acres has an interest in forestry, while also coming from a farming background and the purchaser of the 31 acres is known locally.
The property came to the market with two residences – a two-storey house built a couple of hundred years ago in need of major repair.
There are also a range of old style traditional style outhouses. The property was guided at €3,000 to €4,000 per acre prior to the auction.