Connaughton Auctioneers report that they sold c. 14.55 acres of land at Ardmullan, Kiltoom by online auction last week (January 25th) on the LSL Platform.
The lands comprised c. 14.55 acres in one lot with pen/crush and mains water connection.
The bidding opened at €140,000 and went up in bids of €5,000 to €220,000 when the lands were put on the open market. Eight further bids of €2,000 were received before the hammer fell at €236,000.
Also sold on the day were 1.67 acres of boglands at Castlesampson, Athlone for €2,500 under the hammer.
Ivan Connaughton Auctioneer stated “We were delighted to achieve over €16,000 per acre for the lands, the highest price achieved in the region over the last 10 years. Demand for all qualities and quantities of lands is very high and this is set to continue for 2024.
“The Online Auction platform is transparent and ensures maximum privacy for underbidders, unlike auction rooms in the past. We look forward to offering the majority of lands we list for sale this year via online auctions.
“As the experts in online auctions for lands and farms in the region, we are available for free consultation and valuation of lands for anyone thinking of selling and wanting to achieve the maximum price available”.
Contact Connaughton Auctioneers on 090-6663700 or Ivan on 086-8985013.