02 Oct 2022

Granard farm sells for over €1m

Granard farm sells for over €1m

Two farms of land in counties Longford and Westmeath have been sold in recent weeks by Murtagh Bros Auctioneers - Valuers - Estate Agents of Green Bridge, Mullingar in Co Westmeath.  

A c.153 acre non-residential farm at Ballymaurice, Granard fetched €1.52m or €7,500 /acre, while a c.48 residential farm at Coole in Co Westmeath secured €442,000.

There had been good interest in the lead up to auction for the renowned beef fattening farm just outside of Granard town.

The yard included a six-column shed with a lean-to, a pair of seven-column double-slatted sheds with a central feeding passage, four covered silage pits alongwith grain storage and cattle handling facilities.

The farm was originally offered in lots but all the interest on the day was for the entire, and while there was a good attendance bidding very quickly came down to two buyers.

The sale opened at €700,000 and bid up in €20,000 & €30,000 increments to €900,000 and then €10,000 & €5,000 increments to €1,100,000 progressed. 

It then went to €1,110,000 and at one point placed ‘on the market’ but following further bidding the hammer came down at €1,152,000. The ultimate purchaser was a Co Cavan based farmer.

Meanwhile the land at Mullagh outside Coole was described as a model farm of excellent quality and with no waste whatsoever.

Together with a small tidy farmyard and a 4 bed bungalow, the property opened at €300,000 and swiftly reached €400,000 in bids of €10,000.

The property was then placed ‘on the market’ and after competitive bidding sold at €442,000 to a local landowner.

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