independent

Thursday 24 April 2014

317ac single block to suit dairy men

The sale of bigger farms in the midlands continues apace.

The latest large farm to come on the market is a 317ac farm at Castletown Geoghegan, Co Westmeath.

The farm is for sale by private treaty and has a guide price of €2-2.5m or between €6,500 and €7,500/ac.

With an address at Carne, Castletown Geoghegan, the farm is located off the Mullingar to Athlone road.

Selling agent Paul Murtagh of Murtagh Brothers, Mullingar, says it is unusual to get a farm of this size that is all in one block and undivided by high road or by-road. One would also expect such a farm to enjoy substantial road frontage, but this property has just 100m.

The entrance leads to an older farmyard consisting of two covered silage pits with lean-to sheds at either side.

Husbandry

The holding is described by the agents as good, dry grassland without an inch of waste. It has been let for a number of years and while it could do with a bit of husbandry in terms of fertilising and tidying, Mr Murtagh says it is in great heart.

He believes the farm is ideal for development as a substantial dairy enterprise in advance of the abolition of milk quotas.

The property will be offered as an entire and the Mullingar-based auctioneer is hoping the buoyancy in land sales in the area over the past number of months will continue to see this farm sold before the festive season.

"Land has been selling well around here, especially in recent weeks and I hope it continues for the couple of weeks left in the year," he said.

Mr Murtagh is also handling the sale of a 210ac property that goes to auction at the Bridge House Hotel in Tullamore this Friday, December 7.

The farm, located at Rathdrum, Ballycommon, not far from Tullamore. It has a derelict residence and a modern farmyard.

The holding comes with a guide of €8,000 to €10,000/ac.

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