It’s been an exceptionally busy December for Mullingar-based James L Murtagh Auctioneers, with an array of Co Westmeath farms going under the hammer in the weeks leading into Christmas.
Getting the ball rolling at a fierce pace was the auction of a 17ac parcel at Cummerstown, Collinstown, on Thursday 11 December.
Bidding opened at €180,000 and within two minutes it had climbed in increments of €10,000 to €260,000, whereby a short recess was taken.
Auctioneer Padraic Murtagh received instructions to place it on the market and a series of snappy €1,000 bids brought it to €265,000.
Another €5,000 was placed before a mix of €1,000 and €2,000 bids saw the hammer come down at €277,000 (€16,294/ac) less than five minutes after proceedings got under way.
Two holdings
The following day, Friday 12 December, saw two holdings of 27ac at Farra, Bunbrosna, and 6ac at Lynn, Mullingar, go to auction.
These had a much tamer pace, with the land at Bunbrosna withdrawn at €295,000 and the land at Lynn withdrawn at €172,000. Negotiations are ongoing for both properties.
The much anticipated sale of a 143ac farm at Coolnahay, Slanemore, Mullingar, Co Westmeath, took place in the week before Christmas and it was sold after being withdrawn at auction.
As Christmas approached, the size of the farms for auction increased, with the much anticipated auction of a 143ac model farm at Coolnahay, Slanemore, Mullingar, going under the hammer on Wednesday 17 December.
Most interest was in the entire and bidding opened at €1.6m. Almost 20 bids were placed with four bidders involved before it was withdrawn at €2.075m.
Following negotiations, it was sold for a significantly higher figure to a Munster-based businessman with agricultural interests.
The 90ac residential farm at Jeffrystown, Monilea, Co Westmeath, was sold following negotiations after it was withdrawn at auction.
On Thursday 18 December, a 90ac former residential dairy farm at Jeffrystown, Monilea, Mullingar, Co Westmeath, went under the hammer.
It was offered in lots with Lot 1 - the house, yard and 38ac - bid to €500,000 and Lot 2 bid to €660,000.
The entire was offered in Lot 3 and this was bid to €1.2m before it was withdrawn and it was sold following negotiations for in excess of €1.2m. It was bought in trust.
All auctions were a blend of in-person and online on the LSL online auction platform.
It’s been an exceptionally busy December for Mullingar-based James L Murtagh Auctioneers, with an array of Co Westmeath farms going under the hammer in the weeks leading into Christmas.
Getting the ball rolling at a fierce pace was the auction of a 17ac parcel at Cummerstown, Collinstown, on Thursday 11 December.
Bidding opened at €180,000 and within two minutes it had climbed in increments of €10,000 to €260,000, whereby a short recess was taken.
Auctioneer Padraic Murtagh received instructions to place it on the market and a series of snappy €1,000 bids brought it to €265,000.
Another €5,000 was placed before a mix of €1,000 and €2,000 bids saw the hammer come down at €277,000 (€16,294/ac) less than five minutes after proceedings got under way.
Two holdings
The following day, Friday 12 December, saw two holdings of 27ac at Farra, Bunbrosna, and 6ac at Lynn, Mullingar, go to auction.
These had a much tamer pace, with the land at Bunbrosna withdrawn at €295,000 and the land at Lynn withdrawn at €172,000. Negotiations are ongoing for both properties.
The much anticipated sale of a 143ac farm at Coolnahay, Slanemore, Mullingar, Co Westmeath, took place in the week before Christmas and it was sold after being withdrawn at auction.
As Christmas approached, the size of the farms for auction increased, with the much anticipated auction of a 143ac model farm at Coolnahay, Slanemore, Mullingar, going under the hammer on Wednesday 17 December.
Most interest was in the entire and bidding opened at €1.6m. Almost 20 bids were placed with four bidders involved before it was withdrawn at €2.075m.
Following negotiations, it was sold for a significantly higher figure to a Munster-based businessman with agricultural interests.
The 90ac residential farm at Jeffrystown, Monilea, Co Westmeath, was sold following negotiations after it was withdrawn at auction.
On Thursday 18 December, a 90ac former residential dairy farm at Jeffrystown, Monilea, Mullingar, Co Westmeath, went under the hammer.
It was offered in lots with Lot 1 - the house, yard and 38ac - bid to €500,000 and Lot 2 bid to €660,000.
The entire was offered in Lot 3 and this was bid to €1.2m before it was withdrawn and it was sold following negotiations for in excess of €1.2m. It was bought in trust.
All auctions were a blend of in-person and online on the LSL online auction platform.
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