SOLD SEPTEMBER 2020 – Outstanding C. 87 Residential Holding With Extensive Range Of Outbuildings For Sale By Public Auction on Wednesday 2nd September at 3pm On The Land
Attendance at today’s auction was again hampered by COVID-19 regulations, however activity was far from subdued.
The property had been guided in the region of €1.2 million. The agent noted strong levels of interest in the holding prior to the auction.
The property was offered in the following lots:
Lot 1: C. 48.7 acres
Lot 2: Residence and Farmyard On C. 7.38 acres
Lot 3: C. 30.76 acres Lot 4: The entire
The auction unfolded as follows:
Lot 1 attracted three bidders and went on the market at €550,000. With brisk bidding, Lot 1 went under the hammer at €770,000 equating to over €16,000 per acre. The successful bidder is a local businessman.
Lot 2 proceeded in a similar fashion with five bidders in total. The residence and farmyard were declared on the market at €480,000. Bidding peaked at €615,000 with the purchaser a local accountant acting in trust.
Lot 3 received bids from two parties with the 30 acres going on the market at €365,000. With no further bids being made Lot 3 sold at €365,000.
Lot 4 comprised of the entire holding. It received a solitary bid of €1,335,000 from a Munster based farmer. However, this was trumped by a total of €1,750,000 for the three individual lots.
Auctioneer David Quinn hailed the result as a “substantial vote of confidence in the local property market” given the size of the holding. He added that “this was an exceptional result that displays the strong demand for quality holdings in County Wexford “.
To view the comprehensive property listing, including drone footage, please click here.
Our next auction will bring a valuable c. 57 acre holding with residential zoning to the market on Wednesday 9th September 2020 at 3pm in the Courtyard, Ferns, Co. Wexford. Please click here to view further details.
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Jack Quinn on Wednesday, September 2, 2020 in Auction Reports