€250k fails to buy Cork farm

Irish Independent - Farming - - Property - Jim O'Brien

A 51ac farm at Bal­linabortagh on the out­skirts of Cork city de­scribed by auc­tion­eer Daniel Flem­ing as “half in grass and half wild ” f ai l ed t o s el l at auc­tion las t week. It was with­drawn at €250,000.

The property came to auc­tion in an ex­ecu­tor sale with a guide of €7,000 to €8,000/ac for the graz­ing land and €3,000 to €4,000/ac for the wild ground.

The property is lo­cated at Bal­linabortagh, 6km from Car­rig­navar and 6km from Glenville on the out­skirts of Cork c i t y. It in­cludes a semi-derelict res­i­dence with its own wa­ter sup­ply.

The bet­ter part of the farm is laid out in grass on what Mr Flem­ing de­scribes as some ex­cel­lent ground, while the other por­tion is in need of work.

On the day of the sale, a good crowd showed for the auc­tion. When bid­ding opened at €150,000, it moved slowly up­wards.

The property was with­drawn at €250,000, but Mr Flem­ing re­ports ac­tive in­ter­est in the property since.

“I sup­pose people were put off by the land that needs work, but the place has the mak­ings of a good farm,” ex­plained Mr Flem­ing. “It will sell.”

Mov­ing to the mid­lands and to Co Of­faly, where a road­side par­cel of ground ex­tend­ing to 17ac and sit­u­ated on the Birr to Ro­screa road at Shar­avogue is com­ing to auc­tion next week with a guide of €10,000/ac.

Auc­tion­eer Michael Harty, of Cen­tral Auc­tions, de­scribes the land as a great piece of ground all in one field that was re­cently re­seeded. It also has 300yds of frontage.

The land will be of­fered for auc­tion at the County Arms Ho­tel in Birr, at 3pm this Thurs­day, Fe­bru­ary 27.

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.