Tremendous Conclusion to End of Year Auctions for DNG Martin O’Connor Land Sales
On Thursday 8th December DNG Martin O’Connor Land Sales achieved record breaking results for their clients on three properties offered for sale on the day.
First up was an area of commonage land in Oughterard which islocated on the outskirts Oughterard village which amounts to a total area of 420.76 Acres (170.28 Ha) with an undivided 1/6th share for sale which amounts to c. 70.12 Acres (23.38 Ha). These lands are part of a south facing hill offering good hill grazing. The land with an AMV of €75,000 sold at €90,000 to a local couple who are delighted with their purchase as it will help expand their sheep enterprise on an outstanding hill.
The other lands on offerwere located at Maam, in the heart of Maam Valley located close to Keane’s bar and local amenities. The first of these two properties was for a field of c. 2.89 acres which has road front and extends to the Knockbrack River which flows into Lough Corrib nearby. The land fully enclosed by stonewalls and fencing was maintained in very good order with it being used as meadow. The land with exceptional views attracted good pre auction interest however on the day this increased substantially. Following a total of 56 bids the land with an AMV of €20,000 sold for €74,000.
The second of the Maam Lots was a holding of 26.42 acres (10.69 Ha) which again attracted significant interest with an overwhelming amount of 38 bids which lead to this property with an AMV of €40,000 eventually selling at €77,000. Interest for this plot came from all over the country.
The level of demand for land remains strong for quality holdings with all types of prospective buyers with some looking for small plots of up to 5 acres to others looking for 100 acres plus with many seeing land as a safe investment choice. We have seen a significant interest in land that is suited to hardwood plantations mainly due to the excellent grants coming on stream.
DNG Martin O’Connor Land Sales are currently in the process preparing properties for their upcoming Spring Auctions to be held online onthe 9th of February& the 9th March 2023. To register your property the agents can be contacted on 091 866708
