Carbury farm fails to sell at auction

What was meant to be one of the biggest farm auctions of the year turned out to be an anti-climax as an 841 acre Carbury farm failed to sell.

What was meant to be one of the biggest farm auctions of the year turned out to be an anti-climax as an 841 acre Carbury farm failed to sell.

The auction took place last Wednesday afternoon, July 11, in Fitzwilliam Square, Dublin.

A €4.5m bid for the whole site was offered by Frank Fahy of Shannon Homes in Dublin. But this was turned down as the auctioneers Campion wanted a figure closer to €10,000 per acre.

The property was also offered in 10 separate lots. Farmhouses in Clonkeeran, Knockcor and Kilglass could each be bought with surrounding lands, while Kilglass Lodge could be bought on its own. But few bids were tabled and none were accepted.

Since the auction ended, negotiations between the auctioneers and prospective buyers have been ongoing.

- Liam Godinho