Blackwater land sells for €1.42 million at auction
A residential farm totalling 91 acres at Blackwater has sold for €1.42 million at auction - €420,000 more than it's guide price.
The land at Knockanevin, 2km from Blackwater village, includes an old farmhouse which has been unoccupied for a number of years, set in an old farmyard with a range of old buildings. The land is laid out in up to 15 fields of varying sizes and is fenced with a hedgerow and divided by a road, giving plenty of road frontage.
There was plenty of interest as the land went under the hammer at The Riverside Park Hotel and a bidding war ensued between a local farmer and auctioneer David Quinn who was acting on behalf of the eventual winners - a local farming couple hoping to consolidate their suckler farming operation with the acquisition.
The 34 year-old farmer and his wife, a teacher, were delighted with how the auction went and described the farm as a great piece of ground with plenty of potential.
Frank McGuinness of selling agents Sherry Fitzgerald O'Leary Kinsella said that the land was suitable for a mixture of grazing and tillage.
'It did even better than we expected,' he said, after concluding the sale at more than €15,600 per acre.