A SUBSTANTIAL holding of land in east Galway – described as one of the finest to come to the market in recent years – has been sold after auction for almost €12,200 an acre.

The holding, extending to almost 107 acres at Carrownafinnoge, Fahy, Eyrecourt, went under the hammer but actually wasn’t sold in the auction room.

However, following behind the scenes negotiations involving auctioneer Niamh Madden of Sherry FitzGerald Madden in Loughrea and two interested parties, the guide price of €1.3 million was eventually achieved.

The main block of just over 101 acres was purchased by purchased by former rugby player and successful dairy farmer Shane Morkham who had been leasing the land for years.

The smaller portion of 5.3 acres, just a couple of hundred yards away, was acquired by another local dairy farmer following the intense negotiations.

Auctioneer Niamh Madden told Farming Tribune that there was always good demand for quality agricultural land and she described this holding as “one of the finest” in east Galway.

“In the lead-up to the auction, we had a considerable number of inquiries but the two individuals who acquired the property know it well having grazed the lands for years.

For more, read this week’s Connacht Tribune.

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