At­trac­tive prop­erty for dairy farm­ers in Co Kerry

Irish Examiner - Farming - - PROPERTY - Conor Power

The Great South­ern Ho­tel in Kil­lar­ney is the venue for the pub­lic auc­tion of a 46.7-acre farm hold­ing that has been de­scribed as an “out­stand­ing farm” by one of the joint agents han­dling its sale.

It will take place at 2pm on Fri­day, April 20.

The prop­erty in ques­tion is lo­cated just 14km to the north­west of the auc­tion venue, at the small vil­lage of Listry. Mill­town is 5km away and Kil­lor­glin is just un­der­10km from this scenic lo­ca­tion of fer­tile land.

There is good ac­cess to the res­i­den­tial prop­erty, which en­joys a road­side lo­ca­tion just off the R563 (the Mill­townKil­lar­ney road), and ad­ja­cent to the Listry Catholic church. The prop­erty is be­ing sold jointly by Kil­lar­ney-based agents Jim Burns & Co and Tom Spil­lane & Co ,and there is al­ready strong in­ter­est build­ing up in this sub­stan­tial piece of qual­ity ground, ac­cord­ing to Tom.

“It’s very cen­trally lo­cated at the cross­roads in Listry,” he says. “The re­ac­tion so far has been very good.”

Jim Burns says that he has also seen a good early re­ac­tion to the prop­erty, with a num­ber of phone call en­quiries af­ter the sale signs went up.

The farm is be­ing of­fered in two lots.

Lot 1 con­sists of about 46 acres while Lot 2 is a road­side bun­ga­low on ap­prox­i­mately 0.6 acres.

The land in Lot 1 com­prises four fields.

The main par­cel of around 34 acres of prime agri­cul­tural land is gath­ered around a se­ries of out­build­ings. These are in good con­di­tion and in­clude a four-bay slat­ted unit, stor­age shed with two over­head lofts and a garage to the side.

The re­main­ing 12 acres of this lot is bro­ken up into three more fields which are close by and in­ter­con­nected, ac­cord­ing to the agents.

The house is in good con­di­tion, a bun­ga­low of ap­prox­i­mately 1,600 square feet, with a much-sought lo­ca­tion in the heart of the vil­lage.

“It’s a fine house,” says Jim. “It was prob­a­bly built about 15 years ago or so.” Ac­com­mo­da­tion in­cludes f o u r b e d r o o m s ( w i t h t wo en­suite bath­rooms), open­plan liv­ing area, util­ity room, bath­room and kitchen.

Its lo­ca­tion in the vil­lage should pro­voke very strong in­ter­est, ac­cord­ing to Tom: “It’s in a great lo­ca­tion in terms of ac­ces­si­bil­ity. There’s the ad­ja­cent church and the near­est pri­mary school is a cou­ple of kilo­me­tres in the Kil­lar­ney di­rec­tion, or five kilo­me­tres in the Mill­town di­rec­tion. Mill­town has a brand new pri­mary school and a new se­condary school.” Kerry grass­land has been sell­ing ex­cep­tion­ally well and con­sis­tently over the last few years.

The wealth ef­fect of Kerry Group shares is ev­i­dent in the dairy farm­ing com­mu­nity who had built the com­pany. These share­hold­ers are ac­tive in the lo­cal prop­erty mar­ket and will nor­mally be present when a good par­cel of dairy land comes up in Co Kerry. This is just the kind of hold­ing that, the agents hope, will bring out buy­ers with se­ri­ous in­tent and cash re­serves to back it up. It cer­tainly isn’t ev­ery day of the week that a size­able piece of pas­ture like this makes an ap­pear­ance on the mar­ket.

The price ex­pec­ta­tion is quite strong. The agents are quot­ing a guide price of €12,000 per acre for the land and a rea­son­able €170,000 for the four-bed­room bun­ga­low. We’re liv­ing in an era of climb­ing house prices and land prices, par­tic­u­larly in the dairy­ing sec­tor,so it won’t be a huge sur­prise if the prices achieved in the auc­tion climb higher than ex­pected.

The house on the 47-acre hold­ing at Listry, Faha, Co Kerry, com­ing up for sale by auc­tion on Fri­day, April 20.

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