Dairy man lands Wexford farm for s1.76m
A local dairy farmer saw off stiff competition from other bidders to secure a 194-acre residential farm in Co Wexford for €1.76m last week.
The property at Curraghmore, Saltmills, Co Wexford, was initially offered for sale as two lots of 120 acres and a 74ac residential block.
The 120ac non-residential portion secured just one bid of €750,000, while the residential block opened at €400,000 and went to €525,000. However, it was clear that the bulk of interest in the farm was for the entire property, which opened at €1.3m.
Brisk bidding by two local farmers saw the bidding rise to €1.7m.
After consulting the vendors, the property was then put on the market by the selling agent, PN O'Gorman.
The winning bid of €1.76m, or around €9,000/ac, was placed by a local dairy farmer.
Described by the auctioneer as one of the finest farms to come on the market in the Wellingtonbridge area in recent years, this property is naturally divided into two blocks by the R733 Wexford-Wellingtonbridge road.
The 120ac block is broken into 76ac of permanent pasture, 31ac of tillage land and 13ac of woodland.