GVM Property Sales has circa 31ac of farmland going for online auction on the LSL platform on Friday 11 March 2022 at 3pm.
The land at Endrim, Ferbane, Co Offaly, extends to 30.65ac and is offered in two lots.
Comprising of 23.32ac (9.44ha), lot 1 is described as fine summer-grazing lands with extensive road frontage. It is laid out in one rectangular block that is divided into five fields of largely similar size. Each of the fields has an abundance of mature hedgerows and there is a permanent water source via the River Blackwater to rear of this holding.
There is forestry close by and this holding could lend itself to future planting if the purchaser so wished.
Rudimentary animal-handling facilities and a small storage shed in the field nearest the road are the only structures on this land. This lot is guided at €110,000, or approximately €4,700/ac.
Lot 2 consists of quality agricultural lands nearby that is within 100m of lot 1 and can be accessed from the road via a short gravel laneway.
Higher, drier land, this smaller holding of better-quality land has a wider range of agricultural uses. It is described as arable ground that is currently in grass. Set in one large field of approximately 7.33ac (2.97ha), it is surrounded by hedges with a good number of mature trees on its boundary. This parcel is guided at €50,000, or circa €6,800/ac.
Contrasting lots, they are sure to appeal to a multitude of bidders given the farm is set in a large agricultural hinterland and the contrast between the different offerings.
This land is a 10 -minute drive from Ferbane, while Athlone and Banagher are a little over 20km away. Interested parties are to register their interest with GVM Property Sales. A bidding deposit will be required at least four days prior to the auction in order to participate.