HomeFarming NewsLand sells for €30,000/acre after 5-strong bidding battle  
Catherina Cunnanehttps://www.thatsfarming.com/
Catherina Cunnane hails from a fifth-generation drystock and specialised pedigree suckler enterprise in Co. Mayo. She currently holds the positions of editor and general manager at That's Farming, having joined the company in 2015.
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Land sells for €30,000/acre after 5-strong bidding battle  

Post-auction report: Coastal holding

A circa 5.6-acre coastal holding exceeded its guide price by €38,000 when it went for auction this week.

Quinn Property guided the coastal holding in Ballynamona, Blackwater, Co Wexford at €130,000 ahead of the auction on Wednesday, September 1st.

Auctioneer, David Quinn, stated that the result demonstrates “the pent-up demand for land of all types, sizes and locations across Wexford and indeed, the south-east.”

“We had five bidders, mainly from non-agricultural backgrounds. It was fantastic to achieve a price of €30,000 per acre.”

He remarked: “The auction saw some coastal lands with stunning sea views brought to the market.”

“The property may have potential for a residential site, subject to the relevant planning permission being obtained.”

Furthermore, he said the property has an “excellent” location between Kilmuckridge and Blackwater, an area containing some of Wexford’s finest beaches.

Post-auction report: Coastal holding

The auctioneer offered the holding for sale in one lot.

On the day of the auction, bidding began at €80,000 and a bid of €90,000 “quickly followed”.

However, once the auctioneer announced that he would accept bids in increments of €5,000, bidding “shifted up a few gears”.

With new bidders entering the race, €160,000 was the highest bid before Quinn consulted with the vendor.

Upon his return, Quinn declared the property ‘on the market’ and declared that he would accept bids of an additional €2,000.

This prompted a new bidder to make an entrance at €162,000. Ultimately, three more bids were made and the hammer fell at €168,000 (€30,000 per acre).

Dairy farm for sale in the UK

New to the market and for sale in the UK, with a guide price of £1.6 million (approx €1.8m) is Manor Farm, a “well-equipped” ring-fenced enterprise.

According to the selling agents, Graham Watkins & Co, the holding in Onecote, Onecote, Leek, Staffordshire was previously used as a dairy farm.

Farm for sale in UK 

It comprises a stone and tiled dwelling house, together with traditional stone and tiled farm buildings in a courtyard setting. Thy “may be suitable for alternative uses subject to necessary planning consents”.

Also, there is a comprehensive range of modern portal framed buildings. Read this listing in full.

Properties for sale in Ireland and the UK

More houses, land, and farms for sale.

To include your listing, email – catherina@thatsfarming.com

 

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