Farm Ireland
Independent.ie

Tuesday 26 September 2017

Wicklow sale highlights trend in agri land market

Jim O'Brien

Jim O'Brien

If one needed proof of the difference between the house market and the agricultural land market, the sale of a 27.4ac residential farm at Killaveney, Tinahely, Co Wicklow tells the tale.

The entire failed to sell, the house on 3.6ac sold after auction, while on the auction room floor 23.8ac was the subject of lively bidding and sold under the hammer for €270,000 or €11,344/ac. It was bought by an adjoining dairy farmer.

The house and stables on 3.6ac sold after auction for a figure in the region of €300,000.

The entire had been guided by selling agents Quinn Property at between €500,000 and €550,000.

The property is located 3km from Tinahely, off the main Tinahely to Gorey road, and was developed about 10 years from a green-field site, with the residence, stables and outbuildings finished to the highest standards.

The farmyard has accommodation for up to 100 cattle.

Built

All the sheds were built in the past 10 years and include a six-span slatted accommodation and a five-span loose house with concrete floors. There is a large concrete yard, which includes a parking area, holding pens and a cattle crush.

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Meanwhile, 40ac owned by the same vendor and located at Cappagh, Aughrim, Co Wicklow was sold prior to auction to two adjoining farmers. According to auctioneer David Quinn, the price paid reflected the guide of €400,000.

In a later auction, Mr Quinn was selling a 19ac, non-residential parcel of ground located at Annaghmore, Hollyford, Gorey, Co Wexford. The property attracted three bidders and was withdrawn at €170,000 or €9,000/ac. Negotiations are continuing for the holding.

Also in Wicklow, 53ac of mature pasture located at Ballinteskin, two miles from Wicklow town, was sold prior to auction by McDonell Properties to a local farmer for a price believed to be in the region of the guide of €365,000.

Indo Farming



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