For Sale By Public Auction at 3pm Thursday 13th of December 2018
at The Golden Anchor, Castletown

 

 

 

Link to derelict house and lands (30+ acres) at Castletown:

https://kinsellaestates.ie/property/derelict-house-for-sale-castletown-co-wexford/

 

&

Link to further farm at Cloneranny, Castletown, 43 acres in two lots:

https://kinsellaestates.ie/property/cloneranny-castletown-co-wexford/

 

 

 

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

 

C. 40.5 Acre (16.4 Hectare) Non Residential Roadside Farm
At Shielstown, Knockananna, Arklow, Co.Wicklow.

 

knockananna

 

The farm is laid out in 1 block of permanent pasture with the exception to C. 4 Acres which is in need of reclamation. The lands are well fenced and offer an opportunity to accommodate a variety of agricultural uses and are divided into equal sized divisions.

The lands have the benefit or two water supplies, one being a fresh water supply via a never failing stream. The farm also has extensive road frontage 300m approximately to the local road.

Buildings:

– Modern shed built to grant specification
64 x 60 ft (18m x 19.5m)

– Also a concrete holding area
44 x 42 ft (12.8m x 13.5m)

Location: The lands are located only 4.6km’s from Knockananna, 13km’s Aughrim & 13.5km’s from Tinahely

Entitlements: Single farm payment for 2017 will be 2,188.00

Services: Water – well

Directions:

From Knockananna take the Ballygoben road(leaving the 1798 monument on right), continue for 2.5km, take the sharp left and continue for 2km and the farm is on the left hand side.

 

Maps and further details available here: http://www.www.kinsellaestates.ie/property/shielstown-knockananna-arklow-co-wic/

 

knockananna-sheds

 

For specific queries or to speak with a local property expert about your buying and selling needs in Wexford, Wicklow and surrounding areas, contact Michael, Alan or Eileen Kinsella at www.KinsellaEstates.ie .  Alternatively, you can email me directly on michael@www.kinsellaestates.ie or telephone : +353 53 94 21718 to arrange a viewing on our qualifying new builds.

irish-indp

Original article by Jim O’Brien, on Independent.ie

The last few weeks of 2016 saw somewhat of a flurry of sales in the auction rooms with good prices achieved, writes Jim O’Brien.

In the southeast, Alan Kinsella of Kinsella Estates Gorey and Carnew sold a 48ac non-residential farm at Ballybuckley, Bree near Enniscorthy in Co Wexford for €662,000 or €13,600/ac.

Located 800m from the village of Bree, the land is about 5km from Enniscorthy and across the road from the well-known Wilton House.

Currently in stubble, the holding is made up of two distinct lots consisting of a 16.15ac parcel with about 300m of road frontage and a 32.33ac parcel with laneway access.

The stubble ground is described by Mr Kinsella as good quality, south-facing land with access from two roads.

At auction, two rounds of bidding saw the amount on offer for the two lots reach a total of €465,000.

The 16.15ac piece opened at €160,000 and with two bidders in the chase, it was making €220,000. The 32.3ac parcel opened at €200,000 and with two bidders in action, it held at €245,000.

Bidding then concentrated on the entire in a sale driven by the two customers who had bid on lot two in the first round. When the amount on offer reached €580,000, Mr Kinsella consulted with the vendor and the property was put on the market at that price.

However, this was far from the end of the story and a further series of bids from three active customers saw the price break the €600,000 mark.

But still the hands kept rising until the hammer fell at €662,000 and a local farmer bought the place for €13,600/ac.

Enniscorthy auction

Staying in Wexford, Frank McGuinness and Michael O’Leary of Sherry FitzGerald O’Leary Kinsella sold a 92ac farm at Fairfield, The Still, Enniscorthy for €1.24m or €13,500/ac.

The holding, which includes a derelict house, has been idle for more than 10 years and will take some works to clear overgrowth and vegetation and bring it back to full farming production.

Auctioneer Frank McGuinness said that although the land is overgrown, it is fundamentally very good productive ground. The place has plenty of road frontage divided as it is by the Enniscorthy to Caim road.

Prior to auction, the property was guided at between €750,000 to €900,000 but on the day it exceeded all expectations.

Frank McGuinness was in charge of the gavel and opened proceedings with a 19ac lot across the road from the main farm. This opened at €150,000 and, with two customers in contention, was bid to €280,000.

The main lot – consisting of 73ac with the derelict house – attracted three interested parties and was bid to a hefty €820,000.

This gave a combined €1.1m for the entire, well ahead of the guide.

Mr McGuinness put the entire to the floor at €1.1m and with two bidders in action it quickly rose to €1.2m.

At this point, a new bidder entered the fray.

With four customers in action, the price rose quickly to €1.24m at which point the hammer fell and the place was bought by a solicitor based in Enniscorthy – believed to be acting for two clients.

Mr McGuinness said that while he was surprised at the price paid, the extension of the M11 to by-pass Enniscorthy and improvements to the New Ross road resulted in a lot of CPO land purchase in the area, hence farmers in the area have spending power.

Alan Kinsella agreed.

“The farmers who sold land for these developments have to spend it on land to avoid paying tax on it so there is more money for land in this vicinity at the moment,” he said.

For specific queries or to speak with a local property expert about your buying and selling needs in Wexford, Wicklow and surrounding areas, contact Michael, Alan or Eileen Kinsella at www.KinsellaEstates.ie .  Alternatively, you can email me directly on michael@www.kinsellaestates.ie or telephone : +353 53 94 21718 to arrange a viewing on our qualifying new builds.

ballybuckley

Full article by Richard Halleron on Agriland.ie

Increasing numbers of landowners are now opting to set their property on the basis of a long term lease arrangement, according to IFA Grain Committee Chairman Liam Dunne.

In some cases we are talking about periods of up to 15 years, he said.

“The process involves the involvement of both the Revenue and the Department of Agriculture. This is a further reflection of the growing pressure on tillage margins.

“As a consequence, families are deciding to lease their land in a way that gives them a degree of long term security. In turn, this frees them up to look at new ways of generating an income.”

Problems can arise, however, if a leasing arrangement falls through and this has happened in some instances over recent weeks.

Dunne said that many of the land letting prices published in the media do not reflect the average tone of the market.

“Most letting deals are arrived at privately between individuals and price is only one of the factors coming into play.

“Lessees want to make sure that their land will be managed properly. Going for the highest bidder doesn’t always ensure that this will be the case.”

As a rule of thumb rental prices for cereal production will be in the region of the returns on-offer for the first tonne of grain coming off the combine. Wheat is currently making in the region of €150/t.

Dunne said that the reality is that it will take the money generated by the next two tonnes of grain to cover the actual cost of growing the crop.

Alan Kinsella, of Kinsella Estates, also confirmed that an increasing proportion of the land set in Ireland is now tied up in longer term leasing arrangements.

“Most of these have a rental review built in after year two and, where cereal ground is concerned, there will be pressure exerted to have rental costs brought back in 2017,” he said.

Kinsella said that he is also aware of a number of tillage farmers in the south east who have opted out of leasing ground for winter corn this year. Instead, he said they plan to secure land for either a spring cereal or root crop in 2017.

“Whatever 11-month land that is on the market will be become available in January. And the first two auctions will set the trends for the season.”

 

For specific queries or to speak with a local property expert about your buying and selling needs in Wexford, Wicklow and surrounding areas, contact Michael, Alan or Eileen Kinsella at www.KinsellaEstates.ie .  Alternatively, you can email me directly on michael@www.kinsellaestates.ie or telephone : +353 53 94 21718 to arrange a viewing on our qualifying new builds.