Cork sale with a twist in the tale
Published 05/10/2016 | 02:30
The auction of a 135ac farm on the outskirts of Midleton looked like a case of Goliath triumphing over a series of little Davids when local big employer and economic mainstay, Irish Distillers beat off all comers and bought the property as an entire after it was initially offered in lots.
However, in a neighbourly twist to the tale it appears that Goliath is about to share the spoils with the Davids.
The farm, located on the edge of Midleton at Park South and Cahermone was originally for sale as a 140ac farm but a 5ac piece was bought privately before the auction.
The remaining lands made up of 119ac at Park South and a 16ac tillage parcel at Cahermone were bought at auction as an entire by Irish Distillers for €2.29m or a whopping €17,000/ac.
The 16ac are described by Eamon O'Brien of selling agents CCM (Cork Marts) as top class limestone lands while the 119ac was made up of good and mixed ground with 111ac split equally between tillage and grass.
A section of the farm bordering the Dungourney River is prone to winter flooding.
The original homestead, a derelict farmhouse and a range of fine, cut-stone traditional farm buildings was also for sale along with a yard.
Thanks to its proximity to the town part of the farm is included in the Midleton town development plan.