QUINN PROPERTY sold two farms at auction in recent days, including a 62.7ac farm at Ballyrahan, Tinahely, Co. Wicklow.
There was strong interest in advance of tje sale, from local farmers and others as far west as Tullow and Gorey to the east, auctioneer David Quinn said.
The property was offered in two lots and the entire. After several rounds of bidding, Lot 3 (the entire) was at €900,000 and Lots 1 and 2 were at a total of €930,000. As a result, Lot 3 was withdrawn and Lots 1 and 2 were placed on the market at €410,000 and €520,000 respectively.
There were no further bids on Lot 1, which was sold to a local farmers at a price of €20,000 per acre. After further bids, Lot 2 was sold to a local dairy farmer at €570,000 (€13,5000 per acre). The combined price equates to a total of €980,000 (€15,630 per acre).
The second property was 13 ac at Skeeter Park and Bargy Common, Co. Wexford.
There were more than ten registred bidders for this property, which was guided in the region of €8,000/ac, David said.
Bidding opened at €70,000 and went to €170,000, at which point a break was called to take client instructions. The property was declared on the market and further offers were invited.. There were a number of further bids and the holding was knocked down at €200,000, equal to approximately €15,400 per acre.
This article was written by Paul Mooney and can be accessed here.
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