Public Auction Report; 55 Acre Prime Arable Farm & Derelict Residence Located at Ballykean, Geashill, Tullamore, Co. Offaly
Matt Dunne & Associates RICS SCSI,the Portarlington based Auctioneers successfully sold 55 acres plus derelict house at Ballykean, Geashill, Co. Offaly. The sale was by Public Auction on Thursday 27th June in the Heritage Hotel, Killenard. Taking out family members only three interested parties arrived but boy could they bid!
A lady from the Curragh wanted it for horses and she opened proceedings at €400,000, a tillage man from 10 miles away and the horsey lady fought it out until €510,000 when Matt Dunne consulted with the Vendor. It was declared on the market and bidding quickly moved to €530,000, when an adjoining dairy man went in hot pursuit. A battle ensued in increments of €2,500 with surprisingly the tillage man winning the day with a final bid of €574,500 or €10,500 per acre.
The Vendor, Mr. Peter Malone was delighted with the outcome and Matt Dunne Auctioneer is now anxious to get the sale of a similar parcel of land in the area for disappointed under bidders.