Post Auction Editorial - 76 Acres, Dunbrin, Athy

Once again land in South Kildare, just outside Athy achieved a staggering price when sold by Public Auction on Friday last by Jordan Auctioneers where 76 acres of non-residential land achieved just under €20,000 per acre.

Continuing with recent trends the proceedings were held on the land before a small attendance and bidding opened at €900,000 with 4 bidders up to €1,300,000 at which stage the property was placed on the market. Two bidders fought it out before the hammer dropped at €1,510,000. The purchaser is believed to be a farmer from the Carlow area. The land was described by Jordan’s as ‘top-quality, all in stubble with no buildings’ and the sale included Single Farm Payments to the value of approx. €9,000.

Auctioneer Clive Kavanagh of Jordan Auctioneers – 045-433550 commented after the sale that ‘lands in the area generally command a premium due to their excellent quality and also the strong farmer base, in fact Clive noted that often land around Athy achieves a premium far above prices in other areas of the county and that has always been a trend, there is almost a micro market in the area’.