28 May 2022

Staggering price paid at auction for midlands farm

Staggering price paid at auction for midlands farm

Ballinla Farm: Staggering price paid at auction for midlands farm

A staggering price has been paid at auction for a 1,090 acre midlands farm.

Ballinla Farm near Edenderry has sold at auction for an incredible €11 million. 

Also read: Tributes paid to renowned cattle breeder and Irish Angus Cattle Society hall of fame inductee Michael Reynolds

It was purchased by Pelham Property acting for Liffey Mills group and a large, Leinster-based dairy farming family.

The guide price was between €9 million and €10 million.

It comes with 720 acres of what is described as 'superb quality tillage lands, 190 acres of pasture and 180 acres of commercial forestry.

Also read: ‘It’s all about the bit of passion’: . . . How Ballymahon is rising again

It was described as 'one of the finest large commercial farms ever offered for sale on the open market' while being farmed and maintained 'to an incredibly high standard'.

Also included in the sale was Penny Lodge, a residence with five bedrooms, and Ballinla House, a Georgian residence requiring internal refurbishment.

The auction took place yesterday at the Johnstown Estate Hotel in Enfield, County Meath. 

Also read: €3,000 incentive payment launched for Longford employers to recruit apprentices

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