Continuing the trend of strong prices achieved at auction in recent weeks, a 23ac block of land in Shanbogh Upper, New Ross, Co Kilkenny fetched just over €21,000/ac when it went under the hammer at the Rhu Glenn Hotel, Slieverue, Co Kilkenny, on Friday 23 October.
Listed with PN O’Gorman auctioneers, the farm, which is set out in four large fields of permanent pasture, is situated along the Co Kilkenny border, five minutes from the town of New Ross, Co Wexford, with convenient access to the N25 national road.
Originally guided at €16,000/ac, the holding attracted strong pre-auction interest from local dairy farmers seeking expansion blocks.
Opening at €250,000 to a busy room, a rapid-fire bidding exchange between two main contenders saw the price climb to €450,000, at which point the holding was declared on the market.
Bidding continued between the pair, with the farm eventually knocked down at €490,000 to a local solicitor acting in trust.
Speaking after the sale, auctioneer Anne Carton said the result reflects the strong demand for compact, well-located holdings in the region.
The unit price of €21,000/ac is 24% higher than the average county price of €17,142/ac according to the Irish Farmers Journal Land Report.
