Purchaser and vendor happy as Kerry holding nets €13,500 per acre
The agent’s first auction saw a large crowd assemble at O’Riada’s Bar last week for the sale of the 34.15 acre holding, with an offer of €300,000 already received prior to auction.
Bidding opened at that level, and rose in €10,000 increments until it reached €460,000, at which stage the property was declared “on the market”. No further bids were received, and the farm was knocked down to a local purchaser with a farming background.
The per acre price was €13,500 per acre, and vendors and purchaser were happy with the result, says Brendan Mannix. The farm was the property of the late Martin Reidy and was described as productive and fertile.
Two other elements of the same holding, a farmhouse and separate yard, are also for sale with the same agent, at Knockavinnane.
