A 135-acre farm near Cornafean, Co Cavan, was withdrawn at last week's auction at €1 million.

Around 40 people turned up to last week's auction of a 54.5-hectare (135-acre) residential farm situated at Corr House, Cornafean, Co Cavan. This is one of the biggest farms to come on the market in Cavan to date and although generating a good number of inquiries and viewings prior to auction, such interest didn't materialise into a lot of active bids on the day. Having said that though, lengthy negotiations after auction did generate a favourable result.

On the day, selling agent Colliers Jackson-Stops, Dublin, initially offered the property in four separate lots. The first lot comprising the house and yard on 71 acres was bid to €750,000, while there were no bids for the remaining three lots of 23 acres, 11.5 acres and 16.5 acres, respectively. Just one bid of €1 million was received for the entire.

With no further movement, the property was later withdrawn in its entirety at €1 million. However, intense negotiations after auction with the highest bidder saw a deal struck at an undisclosed sum, reported to be substantially higher than €1 million. It's believed the buyer was a local farmer. Although getting inquiries from Dublin and Meath prior to auction, it really boiled down to just two local customers on the day.

Corr House came to the market with a two-storey 19th century residence in need of complete refurbishment, a gate lodge, and a small number of stone outbuildings. Leased out for the past 15 years, the land is almost untouched with a combination of small fields coupled with thick natural hedgerows offering oodles of shelter to the farm. Owned by the Farris family for a long number of years, the property was once home to "The Pig House Collection" of vintage farm machinery. A guide in the region of €1.6 million had been quoted prior to auction.