SOLD AUGUST 2021 – Valuable C. 40 Acre Roadside Holding With Farmyard For Sale By Public Auction On Tuesday 17th August At 3pm In Our Carnew Office (In One Or More Lots).
Today’s auction saw a high quality c. 40 acre roadside holding brought to the market. The property benefits from an excellent location along the main Gorey to Wexford road. Both lots enjoy a natural water supply, while the larger lot also contains a farmyard.
In advance of the auction, the property was guided in the region of €500,000. Auctioneer David Quinn noted that there was plenty of interest in the property with approximately twenty parties registering to bid. This was the first auction QUINN PROPERTY have held in some time where both in person and online bidding were available.
The property was offered in the following Lots:
Lot 1: C. 29.25 Acres with Farmyard
Lot 2: C. 10.5 Acres
Lot 3: The Entire
Lot 1 opened at €250,000 and with fifteen further bids reached €400,000.
Bidding on Lot 2 commenced at €100,000 and gradually rose as far as €140,000.
Lot 3 (The Entire) quickly surpassed the combined €540,000 on offer for Lots 1 and 2. Bidding then continued at pace as far as €610,000 (€15,250 per acre).
Due to the size of the gap between Lots 1 and 2 and The Entire, an opportunity was given for interested parties to improve their bids on the separate lots. However, no further bids were made on Lot 1 and 3. Following this, David Quinn announced a short break to consult with the vendors.
Upon returning, the auctioneer announced that The Entire was now ‘on the marker’ and any further bids would secure the property. Two further bids were made and the hammer fell at €630,000 (€15,750 per acre).
The auctioneer was pleased with the result of the auction. He stated how “today’s result is a further indication of the current strength of the agricultural land market across County Wexford. I wish the purchasers well with this top quality farm.”
To view the full property listing, including drone footage, please click here.
Our next auction takes place on the 25th August where we will be bringing a valuable c. 24.3 acre roadside holding with derelict farmhouse & farm buildings to the market. For further information, please click here.
QUINN PROPERTY – No.1 Independent Auction House in the South-East
Tel: 053 94 80000