Bigger demand for the smaller Galway parcels
Published 14/09/2010 | 05:00
Since land prices eased and farmers returned to the land market, there is a lively increase in interest in small parcels of land appropriate for expansion.
Tuam-based auctioneer, Martin Tyrell, finds that his main customers are now local farmers. Typical of the property that is bought locally is a 50ac farm with a cottage and out-offices which is to go for auction this Friday at the Ard Ri Hotel, Milltown Road, Tuam.
Located at Killavoher, Clonberne, Co Galway, the property can be sold in the entire or in divisions.
"It is of mixed quality but some of it is very good," explains Mr Tyrell.
"Clonberne is a renowned and progressive farming area and I expect that some of the go-ahead farmers in the locality will be keenly interested."
The land can be sold as an entire or in a number of lots. According to Mr Tyrell, one portion of 30ac, another of 14ac and another comprising six acres can be sold in suitable divisions.
The two-bed residence is in need of repair and with its out-offices it may be sold separately. The entire has a guide price of €300,000.
Mr Tyrell has two similar properties for sale by private treaty. "I have 13 acres of top quality, fenced and watered grazing and tillage land at Forthbrowne, Lavally, Tuam," he said. "This is again suitable for local farmers and I'm guiding it at €7,000 per acre."