Business

Wednesday 21 November 2018

Leixlip infill sells for €1.2m an acre

Will Coonan
Will Coonan
Ronald Quinlan

Ronald Quinlan

A 3.4 acre site in Leixlip, Co Kildare zoned for residential development sold at auction last Thursday for €4.075m - or just under €1.2m an acre.

The sale by Coonan Property of the infill site attracted significant interest, and saw intense competition between six parties throughout the proceedings. Following an opening bid of €1.4m, the bidding continued in increments of €50,000 and €100,000 to €3.8m, at which point it was placed on the market. Further bidding resulted in the final price of €4.075m.

Auctioneer Will Coonan says he believes the price paid for the land is above anything obtained in the local North Kildare towns of Maynooth, Celbridge and Leixlip. James V Tighe & Co Solicitors of Celbridge acted for the vendor and the property was purchased by a solicitor in trust.

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