Wexford holding goes for €14k/ac
Published 18/11/2015 | 02:30
A 90ac mixed farm in grass and tillage near Camolin in Co Wexford sold under the hammer last week making more than €14,000/ac.
Located at Ballydaniel beside the village of Camolin the property is 9km from Gorey on the N11 and has good access with frontage on to the main road and on to the Camolin/Ballyoughter road.
The land is described as fine fertile Wexford ground made up of 56.5ac under tillage and 33.5ac in grass.
Divided into nine fields some of the grassland situated near a stream might need drainage but Denis Howell of Warren Estates describes the rest of the ground as in great heart.
It has been rented for a number of years to a local farmer who looked after it very well.
There are no buildings on the land and no electricity or piped water.
However, the stream provides water at one end of the property and according to Mr Howell there is an old well on the property that could be revived.
At auction a nice crowd that included two determined bidders turned up.
The property opened at a strong price of €800,000 and the two customers drove it forward rapidly in bids of €20,000 until the price hit €1m.
At that point Mr Howell consulted with the vendor who gave the go-ahead to put the property on the market.
The bidding continued until the price reached €1.27m and with no more offers coming the hammer fell.
The property was bought by a farmer living 10 miles away.
While Mr Howell was delighted with the result he was not surprised. "The place was well looked after," he said.
"It is a good dry farm in a great location."