Farm Ireland

Tuesday 23 January 2018

Popular 103ac grass farm sells for over €800k

Jim O'Brien

Jim O'Brien

A 103ac residential grass farm with arable potential on the Wicklow/Wexford border drew a packed house and a mixed result when it went for auction last week.

At the end of proceedings nothing had been sold under the gavel of Raymond Gaffney, but soon afterwards the house and 73ac sold for a figure in excess of €800,000 -- believed to equate to around €12,000/ac -- to two, local, dairy farmer brothers.

Located between Arklow and Coolgraney, the farm comes with a traditional farmhouse and a range of equestrian outbuildings and facilities.

According to Pat O'Neill, of Ashford Auctions Ltd, who handled the sale in association with Raymond Gaffney and Sons, the farm is currently under grass but has 4.5ac under a crop of maize.

The holding is in a number of natural divisions, with the house, outbuildings and 73ac being sold as a single unit. Away from the homestead there are three separate divisions made up of a 4.5ac piece, which is under maize, an 18ac parcel of grassland and a 7ac parcel of grassland.

Lot four, a parcel of 4.5ac under maize, was withdrawn after a bid of €50,000, while lot five, 18ac of grassland, was withdrawn after a bid of €110,000. Both are under negotiation. The final lot, 7ac of grassland, was withdrawn and is under an offer of €80,000.


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