High interest likely for Munster land favouring all farming types
Published 30/11/2011 | 06:00
The private treaty sale of a 170ac farm located near Carrick-on-Suir on the Tipperary and Kilkenny border is sure to draw interest from all over Munster and beyond.
Auctioneer John Shelley, of Shelley and Purcell, is looking for offers in excess of €10,000/ac.
Located at Cregg, two miles from Carrick-on-Suir on the Kilkenny road, the land is part of the old Cregg Estate, which now consists of the old house and 70ac. The ground was used for growing vegetables in the not too distant past but is now in permanent pasture.
All in one block, it is divided into five main divisions and fenced with electric fencing throughout. It is supplied by a permanent public water supply. In terms of road frontage, the farm has entrances onto two separate roads, while the old 9ft high estate wall that bounds part of the property forms 200 yards of frontage onto one of the roads.
There are no buildings on the land, which Mr Shelley describes as the best of south Tipperary ground. It has been well cared for over the years and is currently rented on a short-term basis to the neighbouring Castletown Estate. The land is regarded as suitable to any farming venture since it has already been in tillage, but is currently in permanent pasture and is suited to the paddocking arrangements that favour dairying. Another part of the original Cregg Estate is now a dairy farm.
Mr Shelley is confident the farm will sell. "People with money are putting it into land," he said. "The longer the crisis goes on, the more people are looking at land as something that holds value."
He expects that customers with connections to dairying will be among those showing keen interest in the property.