€12k-€15k/acre ex­pected for high qual­ity farm west of Cork

Irish Examiner - Farming - - PROPERTY - Conor Power

Sit­u­ated just 15 min­utes west of Ballincol­lig, Co Cork, a 58acre non-res­i­den­tial farm with plenty of road fron­tage in the town­land of Kil­bo­nane is ide­ally placed to fetch a strong price.

It’s in a sweet ru­ral spot just be­yond the verge of the ur­ban sprawl of Ireland’s sec­ond city. It’s an area of very strong ru­ral ac­tiv­ity — dom­i­nated by the dairy­ing sec­tor — and where high prices have been achieved in the re­cent past.

One re­cent sale in the western sub­urbs saw an agri­cul­tural hold­ing get in ex­cess of €15,000/acre. Even though it was some­what nearer to Cork City, it gives an in­di­ca­tion of the cur­rent strong trend. Ac­cord­ing to the sell­ing agent John Hod­nett of Clon­akilty- based Hod­nett- Forde, this is a high-qual­ity piece of farm­land.

“It’s a very good qual­ity farm lo­cated in a very good agri­cul­tural re­gion, where t h e re ar e v e r y d i f f e r e n t buoy­ant en­ter­prises within the lo­cal­ity.

“It’s all in pas­ture and it has the ben­e­fit of ex­ten­sive road fron­tage on a num­ber of sides,” says John.

The prop­erty is avail­able to buy ei­ther as one unit or sep­a­rately in two lots of 19 acres ( Lot A) and 39 acres (Lot B). The in­ter­est is strong so far, and the agent con­firms that there has al­ready been an of­fer on Lot A.

The price ex­pec­ta­tion is be­tween €12,000 and €15,000 per acre. Pre­vi­ously known as Gold­en­bridge, the vil­lage of Golden in Tip­per­ary holds a priv­i­leged place in the Ir­ish agri­cul­tural scene.

Lo­cated on the banks of the River Suir, it has seen many his­tor­i­cal fig­ures come through its piv­otal po­si­tion be­tween Tip­per­ary and Cashel. They in­clude char­ac­ters as di­verse as Wil­liam of Or­ange (who per­son­ally re­newed the royal char­ter of the city of Cashel) and tem­per­ance move­ment re­former Fr Theobald Mathew.

Its agri­cul­tural her­itage is even more marked, as the ex­is­tence of the Tip­per­ary Agri­cul­tural and Her­itage Mu­seum in Golden at­tests. The land here is typ­i­fied by a se­ries of rich fertile plains on a lime­stone base, char­ac­ter­is­tic of the Golden Vale. While mainly as­so­ci­ated with dairy­ing, this qual­ity land lends it­self to all farm­ing sec­tors.

It’s a mark of ris­ing con­fi­dence in the agri­cul­tural land mar­ket to see an­other ma­jor pub­lic auc­tion here in one of the most lu­cra­tive farm­ing ar­eas in the coun­try. This time, it’s a 130- acre hold­ing near Golden.

The auc­tion takes place at 3pm on Wed­nes­day, Septem­ber 13, at the auc­tion rooms of Cashel Mart. It’s a non- res­i­den­tial piece of farm land in two sep­a­rate parcels which, ac­cord­ing to sell­ing agent Ali­son De Vere Hunt of Cashel Mart, rep­re­sents one of the finest pieces of prop­erty to come up for auc­tion i n Mun­ster in quite some time: “I would say that it’s one of the best farms to come up in Tip­per­ary this year. It’s a smash­ing piece of es­tate. The farm is in both tillage and in grass… It’s in fab­u­lous con­di­tion. There’s very lit­tle waste here.”

Ac­cord­ing to Ms De Vere Hunt, 60% of the land is in tillage, while the re­main­der is in grass.

“It’s lo­cated on two roads just 6km from Cashel on the out­skirts of the vil­lage of Golden on the main CashelTip­per­ary road.”

This whole area is best known for its su­perb dairy­ing pedi­gree as part of the Golden Vale and all around you as you travel along the N74 are deep green tracts of top class grass­land. But like any other part of the coun­try with ex­cep­tion­ally good land, the scene is a mixed one and apart from tillage farm­ing, there is a very strong tra­di­tion of equine ac­tiv­ity as well as dry cat­tle. Even in the im­me­di­ate Golden area, there are no fewer than five stud farms, for ex­am­ple. It’s very well con­nected in terms of the na­tional road net­work. The N74 leads di­rectly to the M8 just 5km away. The coun­try’s main mo­tor­way cuts through huge swathes of top agri­cul­tural hold­ings, mak­ing this farm a tempt­ing prospect for a sig­nif icant num­ber of in­ter­ested farm­ers to use as an out­side farm. The most im­por­tant in­ter­est, of course, is lo­cal, and there should be no short­age of pro­gres­sive suit­ors in close prox­im­ity. Ac­cord­ing to Ms De Vere Hunt, the in­ter­est is very good and one would imag­ine that this would be an un­der­state­ment. It re­ally isn’t ev­ery day that a sig­nif­i­cant quan­tity of qual­ity farm­land such as this ap­pears on the mar­ket. The farm has a good de­gree of road fron­tage (about 500m on each road) and it is be­ing sold in two sep­a­rate lots. In­ter­est­ingly, th­ese lots will only be pre­sented sep­a­rately on the day of the auc­tion and the en­tire hold­ing won’t be put un­der the ham­mer as one unit.

“We’re not of­fer­ing the farm as one unit,” she con­firms. Lot 1 con­sists of ap­prox­i­mately 119 acres and comes with cen­trally- lo­cated out­build­ings. Lot 2 is a field of 10.3 acres (cur­rently all in tillage) lo­cated nearby

The farm also en­joys the rare ben­e­fit of en­ti­tle­ments. Lot 1 has an­nual en­ti­tle­ments worth in the re­gion of €16,000 while Lot 2 has an­nual en­ti­tle­ments worth in the re­gion of €1,000. The price ex­pec­ta­tion, ac­cord­ing to Ms De Vere Hunt, is in the re­gion of €12,500/acre.

This non-res­i­den­tial 130-acre hold­ing is for sale near Golden, Co Tip­per­ary, and is due for auc­tion on Wed­nes­day, Septem­ber 13 at the auc­tion rooms of Cashel Mart.

The two lots for sale at Aherla, Co Cork, to­talling 58 acres

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