NEIGHBOURING farmers were never in the shake-up for a 52-acre farm near Kinsale, Co Cork which was sold at auction recently.

The agents, Twomey Crowley Auctioneers from Bandon, had put a guide price of €1.5m on the farm but they failed to realise it at auction.

The holding was initially offered for sale in two lots. A two-acre block was bid to €280,000, while €1.1m was offered for the remaining 50 acres.

After a short recess the offer for the two acres was increased to €300,000 but there was no increase on the bid for the 50 acres. The entire farm was then put to the floor but there was no move above the combined €1.4m which had been offered for the lots.

At that stage the farm was withdrawn but it was sold later to two people from the general area for a price said to be in excess of €1.5m. The buyers are not from farming backgrounds. www.unison.ie

Posted: 04|10|07 at 9:45 am. Filed under: Auction News.