Farm Ireland

Tuesday 6 December 2016

Cork parcel lands big sale

Jim O'Brien

Published 19/12/2012 | 06:00

East Cork land always holds its value, even under a hammer wielded by an Allsops auctioneer.

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At the most recent giant auction held by the company in Dublin, an 11.6ac parcel of ground at Killeagh, near Castlemartyr, Co Cork, sold for €225,000 or almost €22,000/ac, representing one of the bigger per acre prices paid in 2012.

The land was earmarked for development and at one time had planning permission for a nursing home and residential units. The flat arable ground enjoys extensive road frontage.

However another Cork property sold at the same auction did not fare quite so well.

A 41ac residential equestrian farm located at Knocknagree, 43km west of Mallow and 27km east of Killarney, on the N72, sold for €170,000 or just over €4,000/ac.

The property consisted of 41ac of grassland with outbuildings and facilities that include a three-bedroom bungalow, an all-weather paddock and gallop and various outbuildings in 'shell condition.'

Meanwhile, land in the sunny south east continues to do well. A Wexford property extending to 4ac located 1km west of the village of Monamolin and 15km south of Gorey sold for a very healthy €56,000 or €14,000/ac on the day.

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