McCartneys News

Results of First SPS Entitlement Auction

12th December 2006

McCARTNEYS SPS ENTITLEMENT AUCTION OFF TO A FLYING START
McCartneys LLP held their first auction of SPS entitlements at Kington on Monday 11th December 2006. McCartneys have found their website a very good way of advertising their entitlements to a wide audience and purchasers were present from Flintshire, Llandelio and Brecon. The most sought after Welsh entitlements are the higher value entitlements which met fierce competition.

The highest Welsh Standard Entitlements of the night which had a value per annum in 2005 of 360.39 euros (£245 per ha) sold at 2.26 times their value at £555 per ha. The same value also sold at £515 (2.1 times their value). Other prices were:
4.96 Welsh Entitlements –294 euros (£201 per ha) Sold for £390 per entitlement (1.94 x)
10 Welsh Entitlements –225 euros (£154 per ha) Sold for £280 per entitlement (1.81 x) 20 Welsh Entitlements –277 euros (£188 per ha) Sold for £360 per entitlement (1.91 x)

One of the highlights of the next 15th January auction includes 6.94 Standard English Entitlements based on a 2005 value of 3016 euros, equating to £2057 par ha and £832 per acre. Enquires to the Knighton Office.

McCartneys have three more auction dates being Monday 15th January, 12th February and 12th March all at 6pm at The Burton Hotel, Kington. If you have entitlements to sell or would like to register on our mailing list, please contact one of our trading offices being:
Jenny Layton – Knighton Office Tel: 01547 528621, Gareth Wall – Kington Office Tel: 01544 230316, Matthew Nicholls – Brecon Office Tel: 01874 622386 or visit our website: www.mccartneys.co.uk.

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