Farm close to Limerick sells for close to half a million

Farm close to Limerick sells for close to half a million

Tom Crosse GVM

GVM’S Tom Crosse was guiding at €450,000 for a 60 acre farm in Meelick and the word on the street is that he was bang on.

The roadside holding located just 5km west of Limerick city was sold immediately after Friday’s auction by selling agents GVM Auctioneers. 

According to Mr Crosse, the majority of the holding is good quality land with the remainder low-lying. There are no farm buildings or residence other than a derelict old farmhouse. It has frontage to two roads and is located just a short walk from the village.

Read also: Rent prices in Limerick reach an all-time high

  Bidding opened at €250,000 and after several robust exchanges the farm was withdrawn at €400,000. After wearing some shoe leather between the respective parties a deal was soon concluded. 

Mr Crosse remained tight-lipped about the sale figure, however, local sources suggest it is in the region of €460,000. The Leader understands the farm was purchased by a local farmer.

More News

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.