Wednesday 28 September 2016

Buyers flocking to €1m sheep holding

Ken Whelan

Published 12/08/2015 | 02:30

A 151AC sheep enterprise in Co Roscommon with a guide price in excess of €1m is attracting "serious interest" here in Ireland, the north and in England, auctioneer Gerry Coffey reports.

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The farm near Ballyhaunis was worked by the late Pat Conry, a well known farmer who ran a sheep enterprise there until he was well into his 70s. It is the subject of an executor's sale.

"We have had some serious enquiries about the farm from both here in Ireland and from England and the north and we believe we will achieve the million at auction," Mr Coffey told the Farming Independent this week.

"The fact that the farm is in one block is one of its main selling advantages but there has been a series of good prices paid for reasonably sized and compact farms in the area over the past few years

"Young farmers and returning emigrants are taking a shot at setting up their own farming enterprises at the moment so we are hopeful that it will achieve a good price", Gerry added.

Conversion

The current average price for good land in Co. Roscommon is around €7,000 an acre.

He says the 151ac farm boasts some of the best pasture land in the county and although used for sheep for a considerable time, it has the potential to convert to dairying or to any farming enterprise.

The farm, which comes with a cottage residence will go under the hammer as an entire property or in lots of 75 acres and 76 acres.

Both of these lots are serviced by natural and piped water.

The auction takes place at the Hillside public house in Granlahan, Co Roscommon at 3pm on August 28.

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