Attractive property for dairy farmers in Co Kerry
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.