Jordan
Auctioneers, Newbridge successfully sold 39 acres of top quality agricultural
lands at Oulart, Co.Wexford by Public Auction on Wednesday last. Before a good
attendance of around 20 people bidding opened at €300,000 with 2 active
purchasers bidding up to €480,000. At this point the Auctioneer consulted with
the vendors and the entire was placed on the market before another 2 bids were
forthcoming and the hammer fell at €490,000 equating to €12,600 per
acre.
The
property was in an excellent location halfway
between the towns of Gorey and Wexford. The lands are currently in stubble and laid
out in 2 divisions. They are described by Clive Kavanagh of the selling agents
as ‘excellent quality suitable for any number of uses’. In addition to this
there was a derelict farmhouse & yard which provided some potential for a
new purchaser to apply for Planning Permission for a replacement.
The
eventual purchaser is believed to be from the locality and Clive is quoted as
saying that the ‘land had generated good interest from the outset’ and the
vendor was delighted with the overall result.
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