Farm Ireland
Independent.ie

Wednesday 24 May 2017

Kilkenny farm let for €208/ac

The 131ac holding near Castlecomer was was recently let for €208/ac
The 131ac holding near Castlecomer was was recently let for €208/ac

The six-year lease of a 131ac residential holding at Knocknadogue near Castlecomer in Co Kilkenny was concluded by auction last week, writes Jim O'Brien.

Guided at between €200 and €230/ac, the farm was let in lots for an average of €208/ac.

The holding is about 3km from Castlecomer, and 18km from Kilkenny City and includes the best of grazing ground with a few fields beside the River Dinan that are softer than the rest. The holding is divided into medium sized and large fields with fine hedgerow fencing and good gates between each and a water supply to every division. An 18ac section located 1km from the main farm has no independent water supply.

According to auctioneer Joe Coogan much of the ground would be suitable for tillage and also has a great capacity for producing fodder. The land comes with no entitlements.

There is an extensive farmyard with the property including a three-bay, double-sided, slatted shed and a large two-bay slatted shed with accommodation for around 120 cattle. The yard also has a six-bay round-roof shed with concrete walls and floors, a large silage pit and cattle crush. It was available for rent with a 75ac lot or with the entire.

The house is a two storey, solid farmhouse extending to 4,000sqft and was available for rent with a 75ac lot or with the entire.

At auction the lands were offered in four lots. The main portion of 75ac directly behind and adjacent to the homestead was leased to a farmer from Carlow for €187/ac. The same farmer also rented the yard for €4,000 per annum.

Directly across the road from the main farm a 38ac parcel was withdrawn at auction at €220/ac and was leased afterwards to an adjoining dairy farmer for a figure believed to be close to €260/ac. The parcel of 18ac located 1km from the house made €181/ac. The house will be let privately.

Overall, the auctioneer and the owner were very happy with the outcome. "To average €208/ac on such a big farm was very satisfactory," Mr Coogan said.

Indo Farming