Killarney’s ‘halo’ effect

A SUPER-STRONG land sale result in the heart of Killarney by the National Park at Port Road, via private auction, “is very good news for Killarney,” says local agent Tom Spillane, as 6.45 acres of residential development land sold for €2.45 million, for a receiver.

It’s an average of €380,000 per acre, strong by any Munster city or town levels for house building land.

First offered to the market last year jointly with Tom Spillane and Chris O’Callaghan of Savills, it was then guided at €690,000, before being taken off-market. This was later revised on relaunch by October 2014 to €1.4 million — the level at which bidding opened on Friday last at private auction, attended by two parties with a third on telephone bids.