Auction date in March for 25 acres near Rathkeale
With an auction date set for Thursday, March 16, there will be an interesting build-up to the sale of a 25-acre holding near Rathkeale, Co Limerick, that should ensure a positive result.
Such a size of a farm will be inclined to suit a number of di f fe re n t pa r tie s , of wh i ch t h e r e ar e m a n y r e p r e s en - tatives close by; from those looking to extend their holdin g s to th ose lo oki ng for a sm al l st ar t in t h e f ar mi ng scene. It’s the kind of property that might also prompt a longterm investor (as is often the case with smaller holdings) looking to get a good percentage on his or her investment through the burgeoning leasing market.
The property is in the townland of Graigue, 2km south of the village of Rathkeale. The village — a famous hotspot of activity during the War of Independence — is a lively one, with shops, pubs, banks and various other retail outlets, as well as a crèche and primary and secondary schools. Limerick City is 30km to the northeast, while the importa n t ma rk e t t o wn s o f Ne wc as tl e We s t , A s ke at o n an d Adare are all approximately 13km from this farm. According to selling agent Tom Crosse of Limerick-based GVM Auctioneers ( at whose p re m i s e s o n G l e n t wo r t h Street the auction is being held), it is early in the chase y e t , bu t t h e re ha s a l re ad y been a good degree of interest building up for this holding. Inspection, he says, is highly recommended for this “truly s u p e r b r o ad s i d e p ar c e l of land” as it is described in the brochure. “There’s been good interest in it so far,” says Tom. “It’s a nice bit of ground and close to Rathkeale. The land quality would be quite good, in the main, and there’s good road frontage with it.”
The public road runs along its western boundary, allowing for multiple access points to the land, which is laid out in four divisions. According to the ag ents, there is a mains water supply to the property and it’s “reasonably well fenced”. There are no entitlements going with the property, but it does benefit from the existence of a couple of old outbuildings, that may of use for s o m e s t o r a g e b y th e n e x t owner and which can be refurbished if needs be.
This is a very strong dairying area, where there is also a mixture of some tillage, dry cattle, and equine interests. Indeed, for anyone from the horse-breeding fraternity who is interested in such a holding, s o m e o r ga n i sa t i on w i l l be required, because the auction date is in the middle of the Cheltenham week.
“T h e a r ea a ro u n d R a t hke a l e w o u l d b e v e r y w e l l known for many years as havi n g go od l a n d , ” sa y s To m . “There’s good deep soil there, and this is the case with this farm.”
The price guide being quoted by the ag ents is € 200,000. At € 8,000 per acre, this seems like a very conservative estimate for land in an area where one can expect to pay more like €12,000/acre for good grassland. “I would be guiding it quite conserva t i ve l y , ” t h e a u c t i o n e e r admits, “and I’d be hoping that it will make more than that on the day.”
As for who is going to buy it, Tom says that it is early days y e t , bu t h e wo u l d s e e t h e dairying sector as being the most likely area of activity to produce a buyer for the land: “Mainly, the profile of the most active buyer these days is the dairy farmer looking for somewhere to extend into… maybe for following heifers or looking to get a bit of meadow, an outside holding, basically. “But this particular propert y m i gh t a l s o su i t a h ob by farmer that would be looking t o h a ve a s e t - u p wh e r e h e could keep some animals and perhaps build a house and additional outbuildings. “It’s a nice compact holding, and it’s nice and centrally located and near the facilities of the village.”
This 25-acre roadside holding is for sale near Rathkeale, Co Limerick. The price guide is €200,000.