Two bidders drive Kilkenny land to €13k/ac
Published 30/09/2015 | 02:30
Two things are as rare as the proverbial hen's teeth in Kilkenny, one is a star footballer and the other is a bad price for land, writes Jim O'Brien.
This latter was borne out last week when a parcel of grazing land extending to 31ac with limited road frontage and 5ac of softer ground near Gowran, 11km from the Marble City, sold under the hammer for €410,000 or €13,200/ac.
Auctioneer Ed Donohoe might be excused for lowering his expectations when he faced into the auction room to be greeted by the sight of a crowd totalling three people.
Undaunted the intrepid auctioneer raised the gavel and launched proceedings. "If I ever needed proof that one needs only two interested parties to make an auction I had proof that day," he said.
Two of the people in the room had their hearts set on the 31ac of grazing ground. An opening bid of €200,000 was responded to and the price rose steadily until it reached €360,000 when it went on the market.
Matters didn't stop there, bidding continued until the last man standing brought the price to €410,000. The buyer intends to use the land for horses.