Jordan Auctioneers, Newbridge successfully sold circa 60.5 acres of top quality land at Corbally, Ballylinan, Co.Laois for by Public Auction on Wednesday last. The property was located just off the N80 National Primary Route between Portlaoise and Carlow town with easy access to Athy (8km) and Portlaoise (20km).
Before a large attendance of approximately 40 people the property was offered for sale in two lots. Lot 1, extending to circa 15.5 acres all in grass opened with an initial bid of €100,000 with two active bidders before being knocked down at €145,000 which equated to just over €9k per acre.
Lot 2 comprised approximately 45 acres with circa 32 acres in arable use and the balance in grass. This lot opened with an initial bid of €300,000 with 4 active bidders, the property was placed on the market at €430,000 and bidding continued up to €546,000 with two parties fighting it out. The price achieved was just over €12,000 per acre.
Both purchasers are believed to be from the area and Clive Kavanagh of the selling agents said the vendors were delighted with the result and wished both purchasers the best of luck.
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