Public Auction Report: 84.5 Ac. Agricultural Property located at Ballinderry, Moate, Co. Westmeath.
An 84.5 acre non residential tillage farm was sold by public auction on Friday 7th June 2019 at The Grand Hotel, Moate, Co.Westmeath by the sole selling agents, O’Roarke Bros.
Auctioneer Denis O’Roarke had quoted a quide price of €650,000 prior to auction and a crowd of 50 people were in attendance.
Bidding opened at €600,000 and no further offer given was withdrawn and negotiations began with the two highest bidders (two local famers, a dairy and dry stock farmer respectively). One was a neighbouring land owner, and the other had the lands rented for a number of years, A short time later a sale price was agreed for the farm property.
Price achieved was in excess of the guide price which was €650,000.