Bargain with big potential
Published 06/09/2011 | 05:00
Given its reasonable guide price of €280,000 (just €4,000/ac), the sale of a 70ac hill farm close to Macroom in Co Cork is understandably generating considerable interest among local farmers.
The price of the property at Cappagh, Ballyvourney, has also put it within range of those looking for forestry land for planting.
Situated a mile from Ballyvourney village -- in the heart of the Muskerry Gaeltacht -- the farm is an elevated south-facing property that has not been maintained to a high standard in recent years.
It consists of 25ac of grazing land and a further 45ac of land in need of attention.
The land is divided by a private tarmacadam roadway and has road frontage on the southern boundaries onto a minor road.
Auctioneer Killian Lynch says the asking price was set to take into account that the farm requires some improvement but maintains that improvement works would yield dividends for any new owner.
"It used to be decent grazing ground and could be again," he says.
Indeed, the farm has been farmed with dairy cows in the past, as evidenced by the 23-unit cubicle house that features among the farm buildings. Other farm buildings include two sheds that are in good structural condition.