'Best value' ground up for grabs in Cork
Published 15/02/2012 | 06:00
A West Cork mountain farm of 180ac is on the market with a guide of €200,000 (€1,100/ac).
The holding comes with an annual single farm payment of €24,000 and a disadvantaged area grant of €4,000.
Located between Durrus and Ballydehob, in one of the most scenic areas of Cork, this hill farm is being sold in one block.
Local auctioneer Henry O'Leary says the holding is set up for sheep farming, with top-class sheep fencing around the perimeter. There are some handling facilities located close to the entrance of the farm.
Mr O'Leary adds that the payments of €28,000 per year associated with this property give a far better prospect of return than many a dearer farm.
"The risk and reward of this investment is tied to the future of the single farm payment and the disadvantage area payment. If the CAP reforms fall right, this could be an attractive investment," Mr O'Leary said.
There are 66 entitlements with the property, valued at €365.66 each, bringing the overall value to more than €24,000 per year. The farm is also currently in REPS 4.
"The likes of this must be hard to find," added Mr O'Leary.