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Independent.ie

Monday 5 December 2016

Solicitor swoops at Arklow for €1.34m

Published 31/08/2010 | 10:46

A 165ac farm near Arklow,l Co Wicklow with a derelict house and outbuildings sold for €440,000 above its guide price
A 165ac farm near Arklow,l Co Wicklow with a derelict house and outbuildings sold for €440,000 above its guide price

A 165AC holding at Johnstown, Arklow, Co Wicklow, sold for €1.34m at auction, beating its €900,000 reserve. The purchaser was a solicitor believed to have been acting in trust for a local farmer.

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Bidding opened at €750,000 and four bidders pushed it up in €10,000 and €15,000 increments. In the latter stages of the auction, only two of these remained in the game battling it out over the last hurdles. Auctioneer Simon Stokes of North's Property said the vendors were very pleased with the result.

“There were very disappointed under bidders on the day and we're now looking for similar type properties,” Mr Stokes said. Located on the outskirts of Arklow, the 165ac Johnstown holding had both road and sea frontage. However, Mr Stokes had predicted prior to the sale that it was of purely agricultural interest.

The sale included a dilapidated house and a range of outbuildings.

The land had been let in recent years and used for tillage and grass. The selling agent admitted that while it did need to be “tidied up”, it was good quality land. It came with extensive road to Wexford road and the Arklow to Mizen Head road. The house is in need of renovation and modernisation.

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