€22,000 an acre for unzoned field

An astonishing €22,000 per acre was made at auction last week for a 9 acre, unzoned field in the sleepy village of Inchigeelagh, Co Cork.

The result was down to strong competitive bidding said auctioneer Henry O’Leary, and the buyer was local businessman, Denis O’Leary of CJ O’Leary Millers Ltd.

The single, level field, which is bounded by the Lee, (its source is further upriver at Gougane Barra), has no zoning even if it’s on the edge of the village, but may have long term development prospects for the buyer.