Hectic bidding battle for prime Kilkenny ground
Published 04/11/2015 | 02:30
A strong price of €15,600/ac was paid for a 24ac parcel of grazing ground near Gowran in Co Kilkenny when it sold under the hammer last Friday for €375,000.
Located outside the village of Gowran on the Bennettsbridge road, the land is all in one field with excellent road frontage.
It is described by auctioneer Ed Donohue as the best of ground, "You could do anything with it," he said, adding "it hasn't an inch of waste, it was a pleasure to walk it."
Proceedings opened at auction when Mr Donohue accepted a bid of €225,000.
Initially there were three bidders in action and this was soon reduced to two but the price kept increasing and the farm went on the market when it reached €370,000.
The hammer fell at €375,000 and the property sold to a local buyer.
The underbidder was a solicitor acting in trust for a client.
Ed Donohue was very happy with the result and with the per acre price of €15,600. "I expected it to go well," he said, "but maybe not that well.