SOLD FEBRUARY 2020 -Excellent C. 63 Acre Roadside Holding With Derelict Farmhouse And Out Buildings For Sale By Public Auction On Friday 28th February At 3pm In The Brandon House Hotel, New Ross, Co. Wexford (In One Or Two Lots).
The holding has extensive frontage onto a local road and is laid out in three divisions, all of which are in tillage. The land has free draining soil and is of excellent quality with no waste. It is renowned in the local area and recently acted as the site for the Ballycullane Ploughing Match. The property was guided at €10,000 per acre prior to the auction.
On the day of the auction, there was a packed venue with 60 people in attendance. The property was offered in the following lots:
Lot 1: Farmhouse on c. 19.125 acres
Lot 2: c. 44.231 acres
Lot 3: The entire.
Lot 1 was bid to €210,000 while Lot 2 was bid to €340,000. Bidding for the entire commenced at €600,000. With a number of active bidders, this rose to €640,000. Following another round of bidding the property reached €695,000 and was declared on the market. One further bid of €700,000 was enough to secure the property. The purchaser is a New Ross based businessman.
Auctioneer David Quinn was pleased to report another successful auction and noted that the vendor was happy with the result. The price achieved equates to €11,111 per acre and is in excess of the guide price.
To view the full property listing please click here.
Our next auction will bring a high-profile c.18 acre holding in Oilgate to the market on Wednesday the 4th of March. Please click here for further details.
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