Limerick farmer makes €2.8m profit in land deal

“IT IS ACTUALLY unbelievable,” said the man who sold 4.75 acres in 2005 for €3 million and has just bought it back for €215,000.

When contacted by the Limerick Leader, Vincent Campbell confirmed he sold and bought back the piece of land and house at Ballycummin, Raheen.

It works out as a gross profit of just under €2.8 million in eight years.

Mr Campbell, of the well known family who started and ran the Highway Bar and Restaurant in Dooradoyle, said he plans to graze cattle on the site but apart from that has “no immediate plans”.

The piece of land and house was sold at auction by GVM’s Tom Crosse, who remained tight-lipped on the buyer.

However, rumours began to spread that it was the same man who sold it originally with many congratulating Mr Campbell.

“It is a very unique story. It just shows how the whole world has gone and unfortunately we all know what has happened in the eight years. We spent 20 very happy years there [in Ballycummin], we raised our family there. It was a lucky place for us and not just selling it, we were very lucky in life there.

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