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