A number of holdings have made big prices at auction recently. QUINN PROPERTY sold a 10ac parcel near Caim, Co. Wexford, for close to €27,000 per acre. The holding had been guided at €15,000 per acre.
Fifteen parties registered to take part in the auction, the majority of them local farmers and businesspeople. Bidding opened at €100,000 and quickly reached €200,000. At €235,000, auctioneer David Quinn sought instructions from the landowner. The vendor was happy with the progress of bidding and the land was declared on the market. There were several further bids and the 10ac was eventually knocked down at €269,000.
“There was strong competition from six bidders to secure this smashing piece of land and I’m glad that we secured such a strong result for our client,” said David. The property was bought in trust by a solicitor.
QUINN PROPERTY also sold a farm at Sweetfarm, Enniscorthy in lots for approx. €21,600 per acre. One lot of 11.24ac made €260,000. A lot of 9.5ac made €190,000.
This article was written by Paul Mooney and can be accessed in full here.