Farm Ireland
Independent.ie

Wednesday 16 August 2017

Fab four hit the market with a €2.45m guide

Jim O'Brien

Jim O'Brien

Described as a 539ac collection of residential and non-residential land, four properties have come on the market at Ballynacargy, Co Westmeath. These are lands accumulated by a local businessman during the boom years and are now for sale individually.

Among the properties is a 235ac farm that was once part of the former Multyfarnham Agricultural College, a 155ac residential farm and two farms of 69 and 80ac respectively.

Selling agents Murtagh Bros, Mullingar, and Coonan Real Estate Alliance, Maynooth, are bringing the properties to public auction on Thursday, week, with an overall guide price of €2.45m, or just over €4,500/ac.

All four properties are within a four-mile radius of the village of Ballynacargy.

The land has been farmed as a unit with a large suckler herd and has extensive accommodation for around 300 cattle.

According to Dillon Murtagh, of Murtagh Bros, the farms, which are all under grass, are well laid out in neat, tidy divisions, well fenced and watered throughout.

He said the lands have been farmed more extensively than intensively over the last few years and are in need of attention in terms of tidying and fertilising.

A residential farm of 155ac located at Kilmacnevin, Ballynacargy, is the first property to attract attention.


The house is a spacious, two-storey, four-bedroom farmhouse built more than 10 years ago and comprises an entrance hall, sitting room, study, kitchen, dining room and utility room. Upstairs are four bedrooms and a bathroom.

Aside from an old four- column haybarn and cattle crush, there are no farm buildings with this section.

The land is laid out in eight tidy, well-fenced divisions that get water from a mains supply and a river.

The farm can be accessed from two separate public roads on either side of the property.

According to Dillon Murtagh, the ground is renowned for its fattening abilities and the place would make for a powerful grassland farm.

The house with 155ac is being guided at €850,000.

Also for sale is a 239ac farm and extensive outbuildings that were once part of the Multyfarnham Agricultural College farm.

This property was bought by the current owners eight years ago and was a model farm in its heyday, and, according to Mr Murtagh, it could easily be brought back to its former glory with some attention.

Heart

It is described as a big block of land in 10 divisions that are well fenced throughout with water piped to each division.

A farm road through the land services practically all the divisions, while at the heart of the property is a modern farmyard that would be a livestock farmer's dream.

It comprises a silage pit with a capacity for around 1,500t of silage, a five-bay double sided drive-through slatted unit with accommodation for up to 160 cattle, a 20t grain silo, cattle crush and holding pens and a small range of outhouses.

This property is located at Tristernagh, nine miles from Mullingar and two miles from the village of Ballynacargy and is guided at €1m.

The third property in the bundle is a 69ac non-residential holding with modern slatted housing for up to 140 cattle and a substantial silage pit.

Located four miles from Ballynacargy and three from Moyvore on the Westmeath Longford border, the land is described as good fattening ground with a good external boundary, but the internal fences separating its 10 divisions may need attention.

It is serviced by electricity and has its own water supply. The 69ac and yard comes with a guide price of €300,000.

The last property is an 80ac farm situated at Rathcastle, Merescourt, three miles south of Ballynacargy.

The land, described as good grazing ground, is laid out in four large fields and comes with no buildings but substantial road frontage.

This portion of the property is being guided at €300,000.

All four properties will be offered for sale at auction at 3pm on Thursday, October 20, at the Greville Arms Hotel, Mullingar

Indo Farming