Hennessy Auctioneers secure major property transactions in Laois

Hennessy Auctioneers has had a very successful year with some major property transactions for its clients.

The team at Hennessy Auctioneers, which are located at 84 Main Street, Portlaoise, are fully qualified and experienced and offer an efficient, friendly and comprehensive service whether you are looking to buy or sell a property, lease your farm or hold an on farm retirement sale of machinery.

The company has over 30 years’ experience in livestock, machinery and property sales.

Over those years its client base has grown from strength to strength. It has a no nonsense straight-talking reputation in both rural and town properties, but especially in the agriculture sector with the Hennessy family hailing from a farming tradition.

Indeed over the past month a circa 32 acres agricultural lands and a derelict cottage at Morette in Emo was guided at €650,000 before one of its auctions.

It was offered for sale in three lots.

Lot 1 was for circa 31 acres of prime tillage lands. Lot 2 was an old derelict cottage on circa 1 acre and lot 3 was for the entire property.

There were 15 registered bidders in the auction. After three rounds of active bidding on each lot it was decided to put the property on the market in the individual lots 1 and lot 2 at €670,000 and €205,000 respectively.

When lot 1 went on the market at €670,000, further bids were received by three different bidder and the hammer eventually fell at €730,000. Lot 2 went on the market. No further bids were received and the hammer fell at €205,000.

Combined total for the property was €935,000 (€29,219/acre), an impressive €285,000 above the guide price. This premium price is a reflection on the quality of the land sold and the prime location of the property.

*Another property in Vicarstown went under the hammer and was offered for sale in 3 lots by online auction: 

Lot 1 consisted of circa 15.5 acres of tillage lands. Lot 2 was circa 39.5 acres of pasture lands in need of drainage/reclamation, while lot 3 consisted of the property.

There were 5 registered bidders in this online auction.

After 4 rounds of bidding on the individual lots it was decided to withdraw the property at a combined €700,000 but it was sold within a few minutes to two local farmers at a higher undisclosed figure.

For more information check out Hennessy Auctioneers by logging onto hennessyauctioneers@outlook.com or by phoning its main line on 057 862554 – property sales on 086 2300 221 or on 087 938 1085 or it’s machinery sales division on 087 791 3624.