A huge twenty five acre site in Bolinrush in Bunclody County Wexford has sold for way above the typical land value in the area.
For sale by QUINN PROPERTY, the auctioneers revealed that the site sold for a hefty price.
Auctioneer David Quinn set a guide price on the site of €15,000 per acre.
On the day of the auction, bidding started at €250,000 and there appeared to be keen interest with rapid early bidding, the price reached €300,000 quickly.
And it didn’t stop there, with a bidding war between three bidders skyrocketing the price to €420,000 in no time.
Following a short break to take client instructions, Mr Quinn resumed the auction and invited further bids. The invitation was accepted by two bidders who pushed the price up to €440,000. The property was then declared as “on the market and here to be sold”.
With no further bids forthcoming, and several warnings issued to the underbidders the hammer fell at €440,000. This equated to an exceptional price of €17,600 per acre.
Speaking after the auction, Mr Quinn said he was “very pleased to have presided over another extremely successful sale.”
“The price achieved is above typical land values in the area,” he added.
He also stated that his client is “delighted with the outcome of the auction”.
This article was written by Sarah Murphy and can be accessed here.