Farm Ireland

Sunday 18 March 2018

Wexford land sells for over €16K/ac at auction

Jim O'Brien

Jim O'Brien

Wexford land sales got off to a flying start last week when a 31ac farm located at Nash, Dunmain, Co. Wexford sold in two lots. The first lot extending to 21ac made €337,000 or over €16,000/ac. A 10ac parcel was withdrawn.

The land is currently in a combination of stubble and permanent pasture with extensive road frontage.

At auction the property was offered in two lots, with the first lot consisting of 21ac of stubble in two divisions suitable for both tillage or grazing. The second lot was made up of 10ac in permanent pasture in one division with good access to the Dunmain Road.

The 21ac parcel opened at €200,000 and, with three bidders in the chase, it soon reached €337,000. The farm was put on the market at that and was sold to a local farmer.

The second parcel consisting of 10ac in permanent pasture was then offered and attracted an opening bid of €50,000.

Two bidders were involved before the land was withdrawn at €72,500 and sold immediately afterwards, to another local farmer.

According to Anne carton of selling agents PN O'Gorman this sale again shows the strong demand for quality land in the right area.

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