64-acre Christmas cracker farm for sale in South Tipp
For sale with Clonmel-based auctioneers Dougan Fitzgerald Estate Agents, a large block of quality land in South Tipperary has just arrived on the market.
If Christmas wasn’t around the corner, a 64-acre parcel of land such as this one might well be going under the hammer straight away. A public auction isn’t entirely ruled out, but the non-residential holding in question is now for sale by private treaty, offering a rare opportunity to acquire this sizeable chunk of pasture. The farm is in the townland of Rathkenny, about 5km south-west of Drangan and 6km north-east of the mediaeval walled town of Fethard. The larger towns of Kilkenny and Clonmel are within relatively easy reach (40km and 22km respectively) and the M8 motorway is also within easy reach. According to selling agent John Fitzgerald, the property includes outbuildings and the essential services of water and electricity are in place. “This is a great block of land in fairness,” says John of the property, which is in an area where some holdings of lesser quality came up for sale in the last two to three years. “It’s a ready-to-go kind of farm that will probably suit most for someone looking to expand their holding.”
“It does have road frontage,” says John, “although it’s not massive road frontage, it is still good and there’s a very good internal road system running right through it, giving you great access.” Dairying is the dominant activity in this part of Munster but beef and a strongly resurgent equine sector are also very prominent. It is the latter sector that has injected a lot of energy into the South Tipperary land market. In many landmark sales this year, equine demand was the X-factor pushing prices to extraordinary levels.
In the immediate environment of this farm, however, it is the dairying sector that predominates, according to John. “In this particular parish, there are lots of dairy farmers,” he says. “There are lots of strong dairy farmers surrounding this place, so it wouldn’t be surprising to see it purchased as an extension of another holding.” Prices in the area have varied quite a bit for good land, between €10,000 and €16,000 per acre, with the higher prices being found nearer Cashel and Thurles rather than at this end of the county. As usual in these cases, however, it’s very often the man over the fence that will have the strongest say in dictating the final value of the property. After that, it’s a case of how many others are interested in it too.
In this case, the auctioneer is playing it sensibly and going for a price guide “in the region of €9,000 to €9,500 per acre.” On the face of it, this seems to be a conservative asking price for a good quality piece of land, complete with a fine collection of outbuildings. For the wily investor, it might be the right time to strike.
Right now, everything is gearing down perceptibly for Christmas, but there will be more and more waking up in the New Year, wiping their eyes, and realising what’s going on. And some of them will be looking for 64 acres of high-quality land in South Tipperary.
The 64-acre non-residential farm for sale by private treaty at Rathkenny, about 5km south-west of Drangan and 6km north-east of Fethard, in Co Tipperary (also pictured on our front page).