'Excellent and fertile' 51.5ac Wexford tillage farm smashes €16k/ac barrier
Over €16,000/ac was paid at auction for a Wexford tillage farm last week. The 51.5ac tillage farm at Tombrack, Ferns, was offered in lots initially but sold as an entire for €825,000 to a solicitor acting for a local farmer.
Located on the main Ferns to Bunclody Road, five minutes from Ferns and 10 minutes from Bunclody, the farm is described by selling agent Denis Howell of Warren Estates as an excellent block of dry land in a good fertile state.
Although currently under tillage, the property would be suitable for any type of farming enterprise and has the added advantage of extensive road frontage.
The farm was offered in lots, with the first section comprising 20.5ac with a yard and the ruins of a two-storey farmhouse, while the second portion comprised 31ac of land with extensive road frontage.
The 20.5ac with the derelict house and yard, opened at €230,000 and three bidders drove the price to €310,000 in the first round of bidding. During a second round it was bid to €320,000.
Lot two, the 31ac parcel, opened at €250,000 and with three bidders showing interest it reached €370,000 on the first round of bidding but didn't move on the second round.
At that point Mr Howell introduced the entire and sought bids in excess of €690,000, the total bid for lots one and two. Two new bidders entered the fray and the price soon came to €750,000.
Mr Howell consulted with the vendors and it was decided to put the property on the market at €750,000. Bidding continued until the property was knocked down at €825,000 to a solicitor acting for a local.