Search

19 Aug 2022

Limerick land sells for over half a million euros

Limerick land sells for over half a million euros

Ninety five acres of mixed land located at Ballyashea, Kildimo

NINETY five acres of County Limerick sold for half a million euros.

The land at Ballyashea, Kildimo, sold for €520,000 at auction. It is described as mixed in quality with some good fields and a large section of the farm in overgrowth.

Auctioneer, Tom Crosse, of GVM, expressed satisfaction at the price obtained stating that it had "exceeded the reserve of €500,00.

The auction was a blend of attendees and online participants. Bidding opened at €400,000 and moved swiftly along in €10,000 increments before Mr Crosse dropped the gavel. The buyer is understood to be a local dairy farmer. 

Mr Crossaid said: "Land prices are on fire with most sales exceeding price expectations. There are several buyers in the Limerick area seeking good quality holdings with interest also from Kerry and Cork with many farmers struggling to find suitable holdings in their own areas."

Earlier this month, Mr Crosse handled the sale of a dairy farm in Clarina which changed hands for close to €3m.

To continue reading this article for FREE,
please kindly register and/or log in.


Registration is absolutely 100% FREE and will help us personalise your experience on our sites. You can also sign up to our carefully curated newsletter(s) to keep up to date with your latest local news!

Register / Login

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.