Ballinagh farm under the hammer
A 30-acre residential farm with out offices at Oghill, Ballinagh, is set to be sold by public auction next Thursday, May 11, at 3pm in The Pikers Lodge, Gowna, and also online with LSL Auctions.
The property, located 5km from Ballinagh, has a lake to the rear and on one side. Although the farmhouse accompanying the farm is in need of repair, auctioneer Eamonn Gaffney says it has great potential.
“With a small bit of work, this can become a very attractive property. We have a guide price of €200,000 and already have a lot of interest for the property, but on the day you never know what way interest will be on the day and it could exceed our expectations.”
Similarly, a 32-acre farm on the outskirts of Castlepollard, just eight miles from the Cavan border, is set to go under the hammer on June 8.
Divided into three evenly sized paddocks, with road access, Eamonn says he expects it to perform well at auction.
“It’s well-fenced off and is suitable for both cattle and sheep, it should generate a lot of interest among farmers.”
As well as being held in person, both auctions are also online, with LSL facilitating the sales. Eamonn says this adds increased interest to them.
“Due to both properties being auctioned online, as well as in person, it adds a lot more interest. Farmers can’t always make it on the day, so this allows them to view it from afar with minimal disruption to their busy schedules.”
Eamonn says that parcels of land this size are typical of what’s available on the market at the minute.
“A 20-30 acre holding is standard for what’s available at the minute in Cavan, and we also get a lot of people asking for plots of this size. It’s mostly farmers, but if there’s a bigger parcel, it can generate interest from business people as well. Despite tax laws making it more attractive for businesses to buy land, farmers are well able to hold their own. Milk prices have taken a hit in recent months, but in general, farming has been going through a good period recently.”