Clare land sells for ‘record’ price of €1.35m

THERE was smoke coming off the gavel at the auction of 47 acres of land at Ballykilty, Quin, County Clare.

The holding is laid out in nine main divisions, serviced with a private water supply and is ideal for all types of farming use including beef, dairying, equestrian or hobby farming.

Due to the location it could prove to be an excellent investment opportunity as there is extensive frontage to two roads and possible site potential.

GVM’s Tom Crosse didn’t have to work hard at the company’s Limerick City Auction Rooms to get the opening bid.

It started at €600,000 with no fewer than six participants battling it out for the prized parcel of excellent quality limestone land.

“The auction was a blended version of online bidding and attendees. The property was placed on the market at €1,070,00 and several bids later the gavel fell to rapturous applause at this wonderful selling figure of €1.35m,” said Mr Crosse.

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It's understood the purchaser is a local dairy farmer with equestrian interests.

There is no single farm payment and out-offices are limited. There is two storey farmhouse thereon, which according to Mr Crosse has a value in the region of €175,000.

Taking this figure off the overall sale price, the land still fetched €25,000 per acre.

“Surely a record for East Clare land,” said Mr Crosse.