52-acre farm with 1km of road frontage attracting local interest
A 52-acre non-residential holding located 8.5km north of Macroom is generating good interest locally, according to the selling agent, Henry O’Leary of Clonakilty.
The Macroom area, dominated by dairy farming, has seen strong sales in the last few years.
The area to the north of the town borders on a part of Munster strongly associated with the co-operative dairy movement.
Millstreet is 16km northwest of the farm for sale, Coachford is 13km away, and Cork City centre is approximately 35km from here.
Along with the local agricultural industry, what makes a property such as this one all the more attractive and interesting (before one even talks about the quality of the land) is that it enjoys almost 1km of road frontage, making it very conducive to selling in lots.
The property, at Carrigthomas, is presented for sale in two roughly equal-sized lots.
Lot 1 contains 25.5 acres, and Lot 2 has the remaining 26.5 acres, and includes the farm yard and some farm buildings.
There is sure to be plenty interest in both lots.
Each of them is very accessible, thanks to the extensive road frontage, and Lot 2 has frontage onto the River Laney.
The quality of land is similar in both lots, with each of them containing approximately three acres of land needing attention.
“With the farm split into two lots, it makes it a good bit more affordable for any interested clients,” says Mr O’Leary.
Finance is challenging enough at the moment, so by splitting into two parts, it means that people who mightn’t be able to afford all of it will at least be able to purchase some of it.
There is a good level of quality with this property with one of the lots faring better than the other, which reflected in the price guide.
As Mr O’Leary explained: “It’s all grassland and, to be fair, I suppose, both lots have good land.
“Lot 1 would have the best of the land, however, in that it’s relatively all level.
“In Lot 2, some of the land is sloping a little more, and that’s the lot where the land runs down to the river as well.
“There are about three acres close to the river that are a little wetter than the rest of the property.
“That’s compensated for in the price. The guide price of Lot 1 is €220,000, just over €8,600 per acre, while the guide for Lot 2 is €180,000, €6,800 per acre.”
There are no entitlements with the property, which has been leased for a number of years, according to the selling agent. “It has been leased for a number of years,” says Mr O’Leary, “but it has obviously been very well farmed by the current tenant.”
The farm has only just gone on the market, so it’s a little early to gauge what interest is out there. However, the selling agent expects that interest locally should be quite brisk, particularly with the choice of lots available.
“It’s a little early to tell,” says Mr O’Leary, “but given where it is and the fact that it is good farmland, I do expect the interest to be local.”
“With a holding of this size, one wouldn’t be overly optimistic of someone who’s not from the area getting planning permission to build a house on the property.
“It doesn’t rule out somebody from outside getting planning permission either.”
In any event, the size of this holding would probably mean that the next owner will be local and will be purchasing to extend his or her holding.
I would say that the dairying sector would be the dominant one in the area and, given the fact that there are medium-sized holdings in the area, it’s a nice addition to someone like that.
