178-acre non-residential property goes under the hammer in Wicklow


The entire property was guided at €1million – €1.2million prior to the auction. On the day, all the interest was in the separate lots with no interest in the entire.

178-acre non-residential property goes under the hammer in Wicklow

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  • 1 year ago

The entire property was guided at €1million – €1.2million prior to the auction. On the day, all the interest was in the separate lots with no interest in the entire.

The public action of a substantial C.178-acre non-residential holding drew in excess of fifty people to the Woodenbridge Hotel & Lodge in Avoca, Co. Wicklow on Monday (October 1st).

Prior to the auction, David Quinn revealed that there was interest in four separate lots and some interest in the entire property which was guided at €1million – €1.2million.

The property included c. 160-acres in grassland and tillage of which c. 85-acres are under spring corn and maize with the remaining lands in grassland production.

“These lands are of excellent quality and have all been tilled in the recent past.” The description outlined.

The remaining lands consists of 9-acres of woodlands and c. 10-acres of land in need of improvement work, according to Quinn Property.

Auction

On the day, all the interest was in the separate lots with no interest in the entire.

  • Lot 1 - c. 33.5 acres. Bidding opened at €200,000 and it was put on the market at €270,000 and sold to a local farmer for €285,000. 3 bidders were active for this lot.
  • Lot 2 - c. 51.7 acres and bidding open at €200,000 and with 4 bidders, it reached €270,000 at which point it was put on the market and sold to a north Wexford-based farmer.
  • Lot 3 - the largest lot - comprised of c. 70 acres. Bidding opened at €350,000 and with 2 bidders, it pushed up to €400,000. It was withdrawn at this level and sold immediately after at a higher price to the same purchaser as Lot 2, according to Quinn Property.
  • The final lot - lot 4 - comprised of c. 23.6 acres. It opened at €80,000 and with the help of 2 bidders went to €115,000 at which point it was withdrawn. Lot 4 sold immediately afterwards at a higher figure to an adjoining farmer, Quinn Property confirmed.

Image source: Quinn Property - Website.

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