A circa 23.4-acre roadside holding with outbuildings and services in Hacketstown, Co Carlow has sold for €345,000 to a dairy farmer in an online auction, managed by David Quinn of Quinn Property on LSL Auctions’ platform.
The property is laid out in three divisions, all of which are currently in grass and are generally of “good” quality.
It has frontage onto the public road and offers a 3-span 30ft by 45ft shed with a pen and cattle crush.
The land has the benefit of a private well with piped water and ESB supply.
Quinn guided the property between €8,000 and €10,000 per acre, ahead of the virtual auction.
David reported “good interest in the property, particularly from local farmers” and added that more than five parties registered to bid.
On the day of the auction, bidding commenced at €150,000 and with a hive of activity from five bidders, it moved briskly to €300,000.
At this point, Quinn paused the auction to consult the vendors and then, as per their instructions, placed the property on the market before inviting further bids.
Two bidders remained active following the resumption of the auction and the hammer fell at €345,000.
Quinn said: “The price achieved equates to €14,700/acre which is above typical agricultural land values in the area of €10,000 to €12,000/acre.”
Meanwhile, a circa 10-acre roadside holding has changed hands for over €7,000/ac more than the anticipated sum at an online auction, hosted by David Quinn of Quinn Property.
Quinn guided the property in Ticknock, Oulart, Gorey, Co Wexford at €10,000/acre in advance of the auction, which the firm hosted in conjunction with LSL Auctions.
He described the land as “currently in grass, laid out in one block, with the benefit of good road frontage onto two roads”.
“The holding is good quality land is good quality and suitable for agricultural use. However, given its road frontage, the property may have site potential for a residence, subject to planning permission.”
The auctioneer reported “strong” interest in the property, which is situated in a convenient location within close proximity to the Gorey to Wexford Road, especially from local farmers with just shy of ten parties registering to bid.
Read more on this post-auction report.