64-acre Christ­mas cracker farm for sale in South Tipp

Irish Examiner - Farming - - PROPERTY - Conor Power

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).

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