A 77ac farm at Ballyorley, Ferns, Co Wexford sold for €1.12m (€14,545/ac) when it went to auction on 8 July. The auction was due to take place in Quinn Property's Carnew office, but was relocated to the main ring in Carnew Mart in order to facilitate proper social distancing for a turnout of 50 people on the day.
The holding contains a yard with a range of sheds and outbuildings.
The land is laid out in three divisions with about half the farm in grass and the remaining half in tillage. The holding contains a yard with a range of sheds and outbuildings. The land was offered in the following lots:
Lot 1: 46.6ac including yard.Lot 2: 29.3ac.Lot 3: The entire.Prior to auction, the property carried a guide price of between €800,000 and €900,000.
Bidding for lot one peaked at €550,000 with three active bidders. Lot two reached €260,000.
The auction took place in Carnew Mart.
Lot three (the entire) was then revisited after reaching €800,000 initially. The opening bid on lot three was €850,000. It is understood that two farmers, both of whom had land adjoining the property, bid it to a final offer of €1,120,000 and the hammer fell. The purchaser is an adjoining dairy farmer.
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Meath farm sells for €23,700/ac
1,090ac farm in Offaly is the largest to hit the market this year
A 77ac farm at Ballyorley, Ferns, Co Wexford sold for €1.12m (€14,545/ac) when it went to auction on 8 July. The auction was due to take place in Quinn Property's Carnew office, but was relocated to the main ring in Carnew Mart in order to facilitate proper social distancing for a turnout of 50 people on the day.
The holding contains a yard with a range of sheds and outbuildings.
The land is laid out in three divisions with about half the farm in grass and the remaining half in tillage. The holding contains a yard with a range of sheds and outbuildings. The land was offered in the following lots:
Lot 1: 46.6ac including yard.Lot 2: 29.3ac.Lot 3: The entire.Prior to auction, the property carried a guide price of between €800,000 and €900,000.
Bidding for lot one peaked at €550,000 with three active bidders. Lot two reached €260,000.
The auction took place in Carnew Mart.
Lot three (the entire) was then revisited after reaching €800,000 initially. The opening bid on lot three was €850,000. It is understood that two farmers, both of whom had land adjoining the property, bid it to a final offer of €1,120,000 and the hammer fell. The purchaser is an adjoining dairy farmer.
Read more
Meath farm sells for €23,700/ac
1,090ac farm in Offaly is the largest to hit the market this year
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