Cap­i­tal gains

188ac with hope value on the out­skirts of Ash­bourne guided at ¤30k to ¤50k/ac, writes Jim O’Brien

Irish Independent - Farming - - PROPERTY FARMING -

AS THE hous­ing cri­sis shows lit­tle sign of res­o­lu­tion, the avail­abil­ity of land banks in Dublin and the greater Dublin area is a hot topic.

Coo­nans of Maynooth are han­dling the sale of a 188ac land bank on the out­skirts of Ash­bourne in Meath which, given its lo­ca­tion, should have hope value in the rel­a­tively near fu­ture. A por­tion of 15ac is cur­rently zoned for amenity use in the cur­rent Meath De­vel­op­ment Plan.

The guide price at­tached to the lands cer­tainly re­flects the hope value and is set be­tween €30,000 and €50,000/ac. The dead­line for ex­pres­sions of in­ter­est is loom­ing next week.

The prop­erty, lo­cated just off the M2 mo­tor­way and 1km from the main street at Ash­bourne, is ad­ja­cent to Archer­stown Wood hous­ing scheme and Ash­bourne Rugby and Golf Clubs. In terms of com­mut­ing dis­tance, Dublin city cen­tre is 20km away and Dublin Air­port a 10-minute drive.

Ac­cord­ing to Phillip Byrne, the hold­ing has been farmed to a very high stan­dard over the last num­ber of years and is cur­rently in tillage.

The lands have ex­cel­lent road frontage to the pub­lic road and are made up of top qual­ity free-drain­ing lands in one block, suit­able for any agri­cul­tural or eques­trian en­ter­prise. “The lo­ca­tion of these lands would sug­gest they must have ex­cel­lent op­por­tu­ni­ties for de­vel­op­ment pur­poses at a fu­ture date,” said Mr Byrne.

Ex­pres­sions of in­ter­est to be made in writ­ing to Coo­nan Prop­erty, Maynooth, on or be­fore Wed­nes­day, Novem­ber 14 at 12pm.

Clonguif­fen

A 108ac farm at Clonguif­fen, Long­wood, in Meath is on the pri­vate treaty mar­ket af­ter be­ing of­fered for auc­tion ear­lier in the year. Along with the semi derelict Clonguif­fen House, the hold­ing has a guide price of €975,000.

Lo­cated 4km from En­field, 14km from Kin­negad and 50km from Dublin, the farm is de­scribed by Mr Byrne of Coo­nans, Maynooth, as su­perb land in good heart. It has 2km of road frontage on to two roads and river frontage on to the Black­wa­ter, a trib­u­tary of the Boyne bound­ing the hold­ing.

The house is of Vic­to­rian vin­tage and needs com­plete ren­o­va­tion, but is nev­er­the­less de­scribed as hav­ing great po­ten­tial. Sur­rounded by ma­ture trees and set on an el­e­vated and im­pos­ing site, Mr Byrne says that sub­stan­tial re­fur­bish­ment would make it into an ex­cel­lent fam­ily home.

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