SOLD JUNE 2023 – Excellent C. 23.4 Acre Roadside Holding With Outbuildings & Services For Sale By Online Auction On Tuesday, 20th June 2023 At 3pm
Today’s auction saw a fine roadside holding extending to over 23 acres come to the market. The property is laid out in three divisions, all of which re currently in grass and generally of good quality. It has frontage onto the public road and offers a 3-span 30ft by 45ft shed with pen and cattle crush. The land has the benefit of a private well with piped water and ESB supply.
Auctioneer David Quinn had guided the property between €8,000 and €10,000 per acre. David noted “good interest in the property, particularly from local farmers” and added that there were more than five registered bidders.
On the day of the auction, bidding commenced at €150,000 with the help of five bidders, it moved briskly to €300,000. After consulting with the vendor, David placed the property on the market and invited further bids. Two bidders remained active following the resumption of the auction and the hammer fell at €345,000 to a local dairy farmer – an excellent result. Mr Quinn added that the price achieved “equates to €14,700 per acre which is above typical agricultural land values in the area of €10,000 to €12,000 per acre”.
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 Southeast.