The 200 acre farm with a period residence and large farm yard in north Wexford had been attracting significant interest since it was put on the market.
€4.66m was the winning bid for an outstanding 200ac residential farm that was sold at online auction on Tuesday 21 February.
Auctioneer David Quinn of QUINN PROPERTY said: “It was a tremendous result that exceeded all expectations”.
Cromogue House, a period residence set on circa 200 acres and with an extensive farmyard was initially guided in the region of €12,000 to €15,000 per acre. The auction for the farm near Bunclody was eagerly anticipated and had attracted lots of firm interest.
That intertest came to fruition with four bidders registered for the entire while those registered for the lots numbered in the high twenties.
Bidding began for the lots, which came to a combined €3.13m, before it was then offered in its entireity. Three bidders brought this to €3.68m. It was then offered again in lots but failed to surpass the bid on the entire.
It was then put on the market, at which point a new bidder who ultimately purchased the property, entered the race. The gavel fell at €4.66m, resulting in a price of €23,300 per acre. The farm was bought in trust by a solicitor.
This article was written by Tommy Moyles and can be accessed here.
QUINN PROPERTY – No. 1 Independent Auction House in the Southeast