Agricultural land fetches €30,000 per acre

A record price for agricultural land in County Roscommon was achieved at an auction held in Roscommon on Friday last. The auction related to the Kilcline estate at Creevy Road, Roscommon and a farmhouse and land at Churchboro, Knockcroghery. It took place in the Royal Hotel and was well attended. Bidding for 15 acres at Creevy Road, Roscommon opened at €300,000. 25 bids later it had achieved €455,000, or €30,000 per acre, a record price for agricultural land. The agricultural land, which has no planning permission, is located 2 km from Roscommon off the Lanesboro Road. The purchaser was a solicitor for a local farmer. Cathal O’Brien of Property Partners Earley, who conducted the auction, noted that it was a record price for land in the Roscommon area. Approximately 60 people attended the auction. The second portion of land to be sold was 17 acres at Churchboro, Knockcroghery and it achieved €305,000, being bought by a local businessman. 13 acres at the same address was bought by a local farmer for €210,000. ‘These were very strong prices for agricultural land the vendors were very happy with the price. There were three or four bidders on each plot of land at Churchboro, whichis between Knockcroghery and Lecarrow,’ said Mr. O’Brien.