SOLD JULY 2023 – Valuable C. 10 Acre Roadside Holding For Sale By Online Auction On Friday 21st July 2023 At 12 Noon
Today’s auction saw a valuable c. 10 acre roadside holding come to the market. The property is situated in a convenient location within close proximity to the Gorey to Wexford road. The land is of good quality and is currently in grass. Furthermore, the property benefits from good road frontage onto two roads.
Auctioneer David Quinn guided the property at €10,000 per acre in advance of the auction. David said there was strong interest in the property, especially from local farmers with close to ten parties registering to bid.
On the day of the auction, bidding opened at €80,000 and very quickly jumped past €100,000. With competition from six bidders, the property reached €155,000. After taking client instructions, declared the property “on the market” and invited further bids. Ultimately the hammer fell at €171,000 to a local farmer- an extraordinary price. Speaking after the auction, David Quinn said that “the price exceeded all expectations and is a clear indication of the current strength of the market”. David added that he was “delighted to have achieved such a strong result for his client”.
The price equates to over €17,000 per acre, or 71% above the guide price of €10,000 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.