Strong prices achieved for Limerick and Wexford farms
A 67ac residential farm at Sorrell, Ballyhea south of Charleville in Co Cork was sold by auctioneer Paddy Carroll of Kilmallock last week for €680,000 or over €10,000/ac.
Located at Sorrel, 3.2km from Ballyhea church the lands are described by as the finest of land laid out in easily managed divisions that are well fenced and watered.
Bidding on the farm opened at €450,000 and in bids of €10,000 two solicitors and a local farmer moved the price quickly to €600,000.
After an adjournment the price rose to €650,000 and following a further adjournment it reached €680,000.
The property went on the market at that price and sold to a solicitor believed to be representing a local farmer.
Meanwhile, in Co Wexford, David Quinn of Quinn Properties sold a timber built cottage on 22ac under the hammer for €320,000.
Located 1km off the N11 at Toss Byrnes the farm is 8km north of Gorey and 4km from Kilanerin.
The residence, a one bedroom timber dwelling, is set in a traditional farmyard.
The lands are described as top quality grass and tillage ground with extensive frontage onto two local roads and a stream bounding the other two sides.
At auction the property was offered initially in two lots. The cottage on 1ac was making €55,000 and the second lot comprising 21ac of land was making €215,000 before the entire was offered.
This opened at €280,000 and was bid to €310,000 when it was put on the market and sold for €320,000 to a local couple.
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