Local man tees up former Kerry golf course for €16k/ac
A former golf course on the outskirts of Tralee, Co Kerry, sold at auction for €415,000 or almost €16,000/ac.
The 26ac parcel of land was part of The Kerries golf course, which closed around five years ago and includes several bunkers and tree plantations from its former role as a nine-hole layout.
Located at Lohercannan, directly west of Tralee, the property was described by Eddie McQuinn of McQuinn Property Services Ltd, as excellent quality land with easy roadside access.
There are no buildings of any sort on the property and about three acres are difficult to manage due to their long narrow shape. A fine crowd turned up for the auction, with up to six interested parties in the running to buy the property. Bidding opened at €350,000 and progressed quickly in bids of €10,000 until the figure on offer reached €400,000.
Four of the interested parties appeared to withdraw at that point, but two bidders remained.
One bid of €410,000 was followed by another of €415,000 at which point bidding stalled.
A short private consultation with the highest bidder failed to break the stalemate and the property was put on the market. Since no further bids were forthcoming, the auctioneer declared the property sold to the bidder in question, a local farmer in the process of expanding his existing holding.
The per acre sale price worked out at €15,961.
Commenting after the auction, Mr McQuinn described the sale as evidence of the healthy state of the land market in Kerry with prices having made a significant recovery.
While the credit crunch is certainly stifling large parts of the property market, Mr McQuinn said there were always funds available to purchase quality land.
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