Here we have the results of two land auctions that took place in December. The holdings were auctioned by Quinn Property. The first was 33ac at Knockbrandon, Gorey. It was guided at €280,000 to €300,000. At auction it opened at €220,000 and was bid up to €290,000. It was withdrawn at that price. Negotiations followed and it was sold at well over the guide price.
On the day it opened at €100,000 and three bidders got involved
Irish Country Living understands the buyer was in fact the Redmond brothers, who own two hotels in Gorey and who are well-known to farmers for finishing Angus cattle for use in the hotel restaurants.
The second property was 10ac at Kilmurray, Gorey. This had been guided at €150,000. On the day it opened at €100,000 and three bidders got involved. They brought it to €170,000 at which stage bidding stopped. The sellers and auctioneers consulted and the land was declared on the market. There were no further bids and the holding was knocked down at €170,000.