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Dáil Éireann díospóireacht -
Thursday, 28 May 1992

Vol. 420 No. 5

Written Answers. - Sale of Teagasc Land.

Mervyn Taylor

Ceist:

37 Mr. Taylor asked the Minister for Agriculture and Food if, in respect of the recent sale of 53 acres of Teagasc land at Kinsealy, County Dublin, the board of Teagasc received a valuation of the land from their estate agent prior to putting it on the market.

Mervyn Taylor

Ceist:

41 Mr. Taylor asked the Minister for Agriculture and Food if, in view of the disparity that exists in the sale prices of the two parcels of Teagasc land at Kinsealy, County Dublin he has satisfied himself that both transactions showed an adequate return to the State.

Seán Ryan

Ceist:

44 Mr. Ryan asked the Minister for Agriculture and Food the reason there was no reserve price on the recent sale of 53 acres of Teagasc land at Kinsealy, County Dublin.

Seán Ryan

Ceist:

54 Mr. Ryan asked the Minister for Agriculture and Food if he will justify his decision to sanction the disposal by Teagasc of 53 acres of land at Kinsealy, County Dublin for £227,500, given that 6.5 acres of adjoining land was disposed of for £100,000 in 1989.

I propose to take Questions Nos. 37, 41, 44 and 54 together.

The sale of the two lots of agriculturally zoned land was by public tender following wide public advertisement. As the conditions of tender did not oblige Teagasc to accept any tender it was not necessary to have a reserve price.

Teagasc obtained a professional valuation prior to the sale.

The difference in price for the two allotments, one of 6.5 acres and the other 53 acres, can be explained by: the different sizes of the two allotments; the more favourable location of and access to the 6.5 acres in relation to roadways; changes in market conditions between 1989 and 1992.
I am satisfied that, in the circumstances of the sales, both transactions showed an adequate return to the State.
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