Mixed results for farmland auctions in Co Wexford
The auction season is almost in full swing and the past week saw a number of properties go under the hammer in Wexford.
A 15.4ac of ground close to Wexford town sold in two lots with a 2.7ac piece making €28,000 under the gavel, while a 12.7ac piece sold after auction for a figure in excess of €103,000.
Meanwhile, a 41ac farm at Oylegate was withdrawn at €250,000 but is currently under offer at €350,000.
The larger of the parcels sold is located 5km south of Wexford town at Killugger. Extending to 12.67ac, the property has road frontage on to the Wexford-Rosslare road and on to the Wexford-Kilmore road, where planning permission has been granted for an agricultural entrance.
Currently in grass, the land is laid out in three paddocks.
The auction proceedings opened when auctioneer Colum Murphy of Kehoe & Associates accepted a bid of €75,000.
With two bidders in action, it stalled at €103,000 and was withdrawn.
It sold immediately after auction to the highest bidder, a local farmer, for a higher figure.
The second lot extending to 2.735ac is located at Kilmacree, Drinagh with frontage on to the N25.
It was offered for sale for agricultural use but could have some development potential in the future.
When the bidding was opened by Mr Murphy at €15,000, three bidders showed cause. The property went on the market at €27,000 and sold to a buyer from outside the area for €28,000.
The auctioneer was less fortunate with a 41ac farm at Coolnaboy, Oylegate.
In bygone days, the property would have been much sought after for development with easy access to the Wexford- Rosslare N25 road and 400m of frontage on to the Oylegate-Glenbrien road
The land, which comes with €20,000 in yearly entitlements, is currently in a crop of winter corn and described by Mr Murphy as 'excellent quality' ground suited to grass or tillage.
In one block, the holding is in laid out in three fields bounded with mature hedging. There was one bid of €250,000 and the farm was withdrawn. Since then the amount on offer has increased to €350,000, not far off the guide of €410,000. Negotiations are ongoing.
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