Property: 185-acre Conna farm sold for about €3.5m

Auctions are continuing to perform well, as the latest results confirm.

The exceptional, 185-acre, high-quality farm in Carrigeen Hall, Conna, Co Cork, which went under the hammer just before Christmas, sold for “in the region of €3.5m”, according to an official statement from joint selling agents, Martin & Rea.

This is about half a million euro more than when the same property was sold 10 years ago, with 15 acres less and a smaller, older residence. The purchasers were the Kenneally family, from East Cork, who had sold development land during the property boom.

It’s a reminder that while a number of banks are weighing in behind farming, there is also plenty of money from the boom era sitting in wait for the right opportunity.

Last week, Tom Spillane & Co, in Killarney, had a successful conclusion to a 54-acre farm in Cloonlara, sold at auction on March 3.

According to the selling agents, there was “great interest in the property and a large attendance at the auction.”

Opening at €500,000, bidding came in €20,000 increments until the price reached €600,000.

But there was more to come, and the bids continued in €10,000 chunks until the land was sold for €730,000 (€13,500/acre) to Mr Maurice Coffey Solr, in trust for an unnamed client.


As the clocks go ahead, so does your style. Corina Gaffney picks your new wardrobe heroesFashion forward: Spring fashion as the clocks change

Des O'Sullivan gives an overview of the changed dates for much-anticipated salesAntiques & FIne Art: What events are put on hold for now?

Virtual auctions a welcome distraction, writes Des O’SullivanBuyers adapt with ease to bid online while grounded

I wish I could write us all back in time, when we could pop to the shops without fear, when grandparents did not have to wave through a window at their grandchildren.Michelle Darmody: Recipes with simple ingredients

More From The Irish Examiner