Gorey-based auctioneers Sherry Fitzgerald O’Leary Kinsella sold a 65.4-acre non-residential Co Wexford farm on Friday 24 February for over €1m.
A combined in-person and online auction for the land at Forestalstown, Clonroche, Enniscorthy, it sold in four lots for a total of €1,035,000 (€15,835/ac).
Bidding was brisk, with lot 1 consisting of 18.28 acres and a useful farmyard selling for €220,000.
Lot 2 was the most competitive of all the lots, with bidding moving quickly, starting at €300,000 and finishing at €470,000.
Comprising almost 30 acres, lot 2 eventually sold for €470,000.
Lot 3 comprises of c5.44 acres and made €105,000 at auction.
Bidding was equally competitive for lot 3, the smallest of the lots at 5.44 acres. This made €105,000, while the final lot comprising of 12.08 acres developed into an online showdown, as two online bidders battled it out before auctioneer James Kinsella dropped the hammer for €240,000.
Lot 4, a c12 acre roadside field of excellent quality farmland. sold for €240,000.
Prior to the sale, this combination of tillage and grazing land had been guided at between €12,000 to €13,000/acre.
Wicklow
Heading a little bit north to Co Wicklow and Quinn property had two holdings in the Avoca area for online auction on Tuesday 28 February.
The larger of the pair was a circa 37-acre roadside holding with a derelict residence at Knockanree Upper, Avoca.
The c37 acres with derelict cottage sold at online auction on Tuesday 28 February.
Offered in its entirety or in a number of lots, bidding opened for the lots and after the opening round, the combined total for the three separate lots stood at €505,000.
An opening bid of €525,000 was placed on the entire and this reached €605,000 before auctioneer David Quinn sought further bids on the lots.
However, the gap couldn’t be bridged, so following a recess and client instructions, the holding was placed on the market.
The roadside holding at Knockanree Upper, Avoca, exceeded its guide price.
Brisk bidding ensued as the property hit the €700,000 mark. After the pace of bidding finally began to ease, the hammer fell at €715,000, which equated to a price of €19,324/ac, significantly ahead of the guide price range of €12,000 to €15,000/ac.
Speaking after the event, David Quinn described the result as: “Another remarkable price for land in the Avoca area. There were eight bidders in total, six for the lots and two for the entire.”
He added that the purchaser is a local businessperson.
Second Wicklow property
The second property for auction was circa 7.63 acres at Kilmagig, Avoca. Just 1.5km from the centre of Avoca village, the lands bound a residential area and while they are not zoned at present, they may have development potential in future and were guided ahead of the sale at €120,000.
Bidding began at €80,000 and continued swiftly in increments of €10,000. With 11 further bids, the property had settled at €190,000.
The land was placed on the market and with no further bids, the hammer fell at €190,000, resulting in a price of €24,902/ac.
Commenting after the auction, David noted that “€25,000 per acre is a strong price for what is currently agricultural land”.
Gorey-based auctioneers Sherry Fitzgerald O’Leary Kinsella sold a 65.4-acre non-residential Co Wexford farm on Friday 24 February for over €1m.
A combined in-person and online auction for the land at Forestalstown, Clonroche, Enniscorthy, it sold in four lots for a total of €1,035,000 (€15,835/ac).
Bidding was brisk, with lot 1 consisting of 18.28 acres and a useful farmyard selling for €220,000.
Lot 2 was the most competitive of all the lots, with bidding moving quickly, starting at €300,000 and finishing at €470,000.
Comprising almost 30 acres, lot 2 eventually sold for €470,000.
Lot 3 comprises of c5.44 acres and made €105,000 at auction.
Bidding was equally competitive for lot 3, the smallest of the lots at 5.44 acres. This made €105,000, while the final lot comprising of 12.08 acres developed into an online showdown, as two online bidders battled it out before auctioneer James Kinsella dropped the hammer for €240,000.
Lot 4, a c12 acre roadside field of excellent quality farmland. sold for €240,000.
Prior to the sale, this combination of tillage and grazing land had been guided at between €12,000 to €13,000/acre.
Wicklow
Heading a little bit north to Co Wicklow and Quinn property had two holdings in the Avoca area for online auction on Tuesday 28 February.
The larger of the pair was a circa 37-acre roadside holding with a derelict residence at Knockanree Upper, Avoca.
The c37 acres with derelict cottage sold at online auction on Tuesday 28 February.
Offered in its entirety or in a number of lots, bidding opened for the lots and after the opening round, the combined total for the three separate lots stood at €505,000.
An opening bid of €525,000 was placed on the entire and this reached €605,000 before auctioneer David Quinn sought further bids on the lots.
However, the gap couldn’t be bridged, so following a recess and client instructions, the holding was placed on the market.
The roadside holding at Knockanree Upper, Avoca, exceeded its guide price.
Brisk bidding ensued as the property hit the €700,000 mark. After the pace of bidding finally began to ease, the hammer fell at €715,000, which equated to a price of €19,324/ac, significantly ahead of the guide price range of €12,000 to €15,000/ac.
Speaking after the event, David Quinn described the result as: “Another remarkable price for land in the Avoca area. There were eight bidders in total, six for the lots and two for the entire.”
He added that the purchaser is a local businessperson.
Second Wicklow property
The second property for auction was circa 7.63 acres at Kilmagig, Avoca. Just 1.5km from the centre of Avoca village, the lands bound a residential area and while they are not zoned at present, they may have development potential in future and were guided ahead of the sale at €120,000.
Bidding began at €80,000 and continued swiftly in increments of €10,000. With 11 further bids, the property had settled at €190,000.
The land was placed on the market and with no further bids, the hammer fell at €190,000, resulting in a price of €24,902/ac.
Commenting after the auction, David noted that “€25,000 per acre is a strong price for what is currently agricultural land”.
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