A 73.5 acre farm in Ruan has sold for €1.5m.
Located just outside the village of Ruan in Ballymacrogan East, the 73.5 acre farm sold for €1,540,000 which is €640,000 over the asking price of €900,000. It consists of three lots, the northern part of the farm, the southern part of the farm, and farm buildings.
An auction for the land took place at The Old Ground Hotel in Ennis on Thursday. Five bidders were in attendance for the auction with three remaining as active bidders up to €1.5m.
Managing Director of Sherry Fitzgerald McMahon, Diarmuid McMahon labelled it as “a record setting auction”. He said, the “exceptional quality limestone land” sets this property apart from other agricultural lands. He explained, “The owner had developed and cared for the farm diligently over a lifetime of hard work”.
The northern part of the farm has approximately 175m of road front onto the Corofin Road to the north-east of the holding. The land has been carefully maintained with manicured hedges and walls. Up to 30 acres could be ploughed with deep soil.
Access to the southern part of the farm is via an access road just off the Ballymacrogan road, about 1km south-west of Ruan village. This access road leads to the farm buildings, which include a five-bay slatted house built in 2007 and a six-bay shed built in 1993. There is a well located near the farm buildings and a second public connection to the southern lot.
Two of the lots came with a one-third share of 3.6 acres of commonage. This area of commonage is largely wooded and interconnects the northern part of the farm to the southern part of the farm via an access road and cattle handling facilities.
McMahon said, “We were delighted to have helped the owner achieve such a fantastic result. We knew it was a special holding. I was very grateful to all the team in Sherry FitzGerald McMahon for ensuring that the property got exceptional promotion and marketing to give it the best chance possible”.
