FORTY acres of prime farmland in Limerick more than doubled in value, to just under €300,000, when two bidders went head-to-head in an online bidding war last week.
The land, which is divided into six fields at Ballintona near the village of Galbally, went under the virtual hammer with the opening bid set at €130,000.
But the bidding quickly reached €200,000 as the two prospective buyers competed against one another to acquire the land which is suitable for beef, dairy and sheep farming, as well as equestrian activities.
In one flurry of bids, the price rose from €201,000 to €217,000 in as little as 67 seconds.
Advertisement
And, 95 minutes after the auction started, ‘bidder two’ secured the land with a final offer of €295,000.
Advertisement
