The online public auction of an 11-hectare farm in the town of Dromard Beg takes place on Friday August 5th.
The farm is about 9 km from Templemore in County Tipperary. The auctioneers – Mansfield Property Partners of Rathdowney, Co Laois – will first auction the property in two separate lots, before offering the entire 26.25-acre farm at 3.30pm.
Lot A consists of approximately 17.4 acres of land including a derelict residence. Lot B contains approximately 8.85 acres of land in two divisions.
Normal pre-registration rules apply to those taking part in an online auction – a procedure that has become familiar to many since the days of lockdown. In this case, only one deposit is required to allow bidders to participate in all three auctions.
The property is located northeast of Templemore and close to the border with Laois, the public road separating the two lots. Lot A is on the east side of the road, while lot B is on the west side.
“We are guiding the overall property at €300,000,” confirmed sales agent William Mansfield.
The land is described by the auctioneer as marginal but the modest amount will make it attractive to a good number of people looking to increase their acreage.
“There has been a lot of interest in the property, both in the separate lots, as well as in the property as a whole,” Mr Mansfield said.
“In fact, we had a number of people looking to try and buy the property before the auction date.”
The existence of the abandoned house on Lot A has meant that there has been much interest from outside agricultural circles, adding to that of local farmers. The short distance to Tullamore makes the location very attractive for those looking to relocate to the countryside.
No rights come with the farm and the reasonable price of €11,500 per acre makes it an attractive proposition for a wide range of potential buyers. It should ensure a good turnout on Friday for the online sale.