Hammer falls at €18,500/acre for Co Cork holding

292536-194267After a mere 15 rounds of bidding, a 49-acre farm at Aghabollogue, Coachford was knocked down at €905,000, writes Shirley Busteed.

It may have taken an hour and a quarter to get a result, but it proved a worthwhile wait for auctioneer Killian Lynch, Macroom when he dropped the hammer at €18,500/acre for a 49-acre residential holding situated at Dromatimore, Aghabollogue, Coachford, Co Cork last week. Killian always had a good feeling about the property and confidently guided it at €15,000/acre or €750,000 prior to auction. Despite active farmer interest on the day, it was two locals who won the contest at the drop of the hammer at a cool €905,000, both of whom are non-farmers.

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