Over €15,000 per acre for midlands farm
A number of committed bidders featured in a Murtagh Bros auction for a 31.5 acre farm at Rathbracken, Granard yesterday, Thursday 12 May.
Dillon Murtagh of Murtagh Bros, who conducted the auction, said: “This property is laid out in neat divisions, and following a lot of interest we had a competitive auction. The farm went on the market at €410,000, and the hammer fell after achieving a sale figure of €497,000.”
That figure of €15,777 per acre shows great confidence among buyers in the agricultural sector in the midlands, said Mr Murtagh.