Jordan Auctioneers successfully sold
143 acres at Streamstown, Mullingar last week by Public Auction. Before at
attendance of about 20 people the property opened with an initial bid of
€100,000 with two active purchasers. Bidding between the two parties continued
in increments of €5,000 up to €240,000 at which stage the property was placed
on the market and with a final push by the two bidders the property was sold
for €265,000. The purchaser was a Solicitor acting in trust for an undisclosed
client.
The property was located circa 7km
from Castlepollard, 16km from Mullingar & 5km from Crookedwood and
comprised circa 143 acres (57.976 Hectares) laid out in one block with
magnificent views over Lake Derravaragh, one of the largest and most renowned
boating and fishing lakes in Westmeath. The holding comprises a mixture of
grazing, mature forestry, scrub and about 30 acres of hardwood trees planted in
2001. A large tract of the land was within a National Heritage Area (NHA) which
limited and controlled its potential use.
