SOLD APRIL 2022 – Valuable C. 124 Residential Holding With Traditional 2 Storied Stone Built Farmhouse And Adjoining Coach House With An Array Of Stone Buildings (Courtyard Effect) And Farmyard For Sale By Online Auction On Tuesday 12th April At 3pm in One Or More Lots.
Today’s auction had attracted a huge volume of interest due to the substantial size of the property on offer. Auctioneer David Quinn reported enquiries from “the US, the UK and mainland Europe” combined with significant interest from locals. The property was guided in the region of €900,000 prior to auction. To view the full listing, please click here.
The holding was offered in the following lots:
Lot 1: C. Residence & yard on C. 17 acres
Lot 2: C. 24.5 acres
Lot 3: C. 37 acres
Lot 4: C. 36.7 acres including forestry
Lot 5: C. 8.4 acres
Lot 6: The entire
On the day of the auction there was a good deal of interest in all of the lots, with a combination of €880,000 offered after the first round of bidding. However, with the entire (lot 6) making €970,000 after the first round it seemed likely that the property would be sold in its entirely. The auctioneer sought further bids on the separate lots to try fill the gap but only got as far as €940,000. Lots 1 to 5 were then withdrawn.
After taking a break to consult with the vendor, David Quinn announced that the entire would be put on the market at €1 million, giving interested parties encouragement to make further bids. Shortly afterwards, €1 million had been reached and bids kept coming in. Ultimately, the hammer fell at €1,050,000, more than €100,000 over the guide price.
Auctioneer David Quinn hailed the result as having “exceeded all expectations”. He noted that “the scale of the property had drawn interest from far and wide” which helped ensure “an extremely strong price”.
Our next auction takes place on May 5th where a traditional cottage along with almost an acre of zoned residential land in Stratford-on-Slaney comes to the market. For further details, please click here.
With the property market continuing to perform well, please contact us if you are considering selling your property, either by way of auction or private treaty.
QUINN PROPERTY – No.1 Independent Auction House in the South-East
Tel: 053 94 80000
Jack Quinn on Tuesday, April 12, 2022 in Auction Reports