A substantial 33-acre agricultural holding in Tinakilly, near Aughrim in south Wicklow, sold for an undisclosed fee at a recent online auction after intense bidding led to private negotiations.
Guided by agents QUINN PROPERTY at €8,000 to €10,000 per acre, the sprawling property – offered in three lots – features good frontage onto a cul-de-sac road and is laid out in four divisions that are currently in tillage with free draining soils suited both to tillage or grassland use.
Auctioneer David Quinn noted good interest in the run-up to the auction, saying: “There has been steady interest, mainly from local farmers, with four parties registered to bid in advance of the auction.”
Once the auction had commenced, Lot 1 (c. 13.2 acres) reached €130,000 after early bidding, while Lot 2 (c. 20.2 acres) reached €170,000.
However, with a bid of €310,000 (c. €9,400 per acre) on the entire (Lot 3), the two subdivisions were withdrawn, and further bids were sought for the entire.
With the bid on Lot 3 a little short of its reserve, the property was withdrawn, and negotiations commenced with the highest bidder.
Shortly afterwards, Mr Quinn confirmed that the negotiations “were fruitful” and both parties had agreed on a higher figure. The successful bidder was described as a local farmer.
“We are very happy to have finished the year with another successful auction, and we have lots of instructions already in for #farm sales in the New Year – it promises to be a busy start to 2024,” Mr Quinn commented.
“Following our final auction of the year, we wish to express our thanks to all of our customers for their continued support.”
This article was written by Eoin Mac Raghnaill and can be accessed here.