Farm Ireland
Independent.ie

Tuesday 17 October 2017

Hidden Limerick gem in need of a makeover

INTEREST:This 125ac former model farm near Shanagolden, Co.Limerick, has gone on the market with a guide price of 1m and is expected to attract significant local interest
INTEREST:This 125ac former model farm near Shanagolden, Co.Limerick, has gone on the market with a guide price of 1m and is expected to attract significant local interest
Jim O'Brien

Jim O'Brien

Shanagolden in Co Limerick has been making headlines in the property market of late. A 69ac farm sold at auction some weeks ago for more than €14,000/ac and Richard Ryan of GVM Kilmallock is hoping for a similar performance at the auction of a 125ac residential property on the main road between Shanagolden and Newcastlewest.

The farm is on the market in two lots, with a guide price of €1m or €8,000/ac. Mr Ryan recently sold land in the area for €10,000/ac.

The property is located at Moig, 1.5 miles from Shanagolden, eight miles from Newcastlewest and 25 miles from Limerick city. Divided into two lots by the main road, it has substantial frontage.

The holding, which comes with single farm payment (SFP) entitlements of approximately €8,900 per year, was once a model enterprise in Co Limerick.

DECLINE

The milking parlour, built in the 1950s and still standing, has stalls for 32 cows and was an object of interest to farmers from all parts of the country and regarded as ahead of its time.

However, in recent years the holding has suffered decline and needs attention.

The residence, a substantial two-storey period house has tremendous potential but is in need of complete renovation and modernisation. The yard is of the traditional kind, with a four-column haybarn, the famed cow house, a cattle crush and a range of out offices.

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The land is among the best to be found in west Limerick and consists of 77ac of grassland around the house and 48ac across the road. The 77 acres consists of level grazing ground ideal for drystock or dairy. It has never been fertilised with artificial manure and could do with tidying and reseeding throughout. The 48ac section at the other side of the main road consists of elevated limestone land with an old limestone quarry that was active in the earlier part of the 1900s.

The quarry still has generous deposits and could be reactivated, subject to planning.

DRY

The land is bone dry and, according to Richard Ryan, needs neither dyke nor drain.

"This is a great farm," said Mr Ryan, "It undoubtedly needs attention in terms of reseeding and fertilisation but it is naturally good land."

There is plenty of local interest in the sale, especially among dairy farmers, many of whom have prized Kerry shares in their possession.

The farm will be sold at auction at the Courtenay Lodge Hotel, Newcastlewest, Co Limerick at 3pm on Friday, December 6.

Irish Independent

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