SOLD NOVEMBER 2020 – Excellent C. 50.5 Acre Roadside Holding With Two Storey Farmhouse, Good Range Of Sheds, Milking Parlour & Outbuildings For Sale By Public Auction on Tuesday the 10th November 2020 at 3pm On-Line.
Today’s auction was the second online auction conducted by QUINN Property. Interested parties were asked to pre-register so that they could bid online. We were encouraged by the level of registrations and enquiries prior to auction.
The property was guided in the region of €600,000 (€11,881 per acre).
Monagreana Lower was offered in the following lots:
Lot 1: C. 10 Acres
Lot 2: C. 40.5 Acres With Residence & Yards
Lot 3: The Entire
Lot 1 opened at €70,000 and with two further bids reached €90,000.
Lot 2 started at €300,000 and with swift bidding peaked at €490,000. This set a combined bid of €580,000 for Lot 3 to surpass.
Lot 3 commenced at €590,000. However, there was clearly very strong interest in this lot as bidding quickly exceeded €700,000. Bids continued to come in quickly and the auctioneer took a brief break at €800,000 to seek instructions from the vendor. Upon his return to the auction room, David Quinn announced that he had been instructed to place the property on the market at €800,000.
Although more than 20 bids had been placed on Lot 3, it took some time before additional offers were made. However, once a bid of €810,000 was made further bids swiftly followed. As bidding drew to a close there was one last twist. The hammer was about to fall at €900,000 when a bid of €905,000 came in just in time. There was to be no further drama as the hammer fell at this sum, equating to a price per acre of €17,920.
The successful bidder was identified as a local dairy farmer.
Auctioneer David Quinn was thrilled with the outcome, “today’s auction produced an exceptional price and I am delighted for the vendor. The result underlines the strength of the North Wexford agricultural land market which has continued to show great resilience. I am sure the price achieved will give confidence to those considering selling similar properties.”
To view the full property listing please click here.
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QUINN PROPERTY – No.1 Independent Auction House in the South-East
Tel: 053 94 80000
Jack Quinn on Tuesday, November 10, 2020 in Auction Reports