Land of opportunity in Tipp
Published 09/12/2015 | 02:30
We often hear of land that is suitable for any type of farming - for tillage, grazing, equestrian or planting, but what about a farm that's eminently suitable for 'paper' farming?
An interesting mountain property that sold recently at Black Road where Tipperary, Cork and Limerick meet between Skeheenarinky and Kilbehenny in the Galtee mountains made in excess of €260,000.
According to Eamonn O'Brien of CCM this property will more than pay for itself and keep its asset value, all the owner has to do is make sure the paperwork is in order.
Comprising 14ac that was for sale outright it also comprised a registered 144ac share of commonage delivering €34,314 in farm payments with a possibility of more.
Mr O'Brien explains that the previous owner used the property to finance a few domestic projects and with its work done, he wanted to move it on.
"This piece of ground can make money in a variety of ways," the Mitchelstown auctioneer explains.
"Based on a 15-year payment the premiums at over €34,000 will more than pay a mortgage.
"There is also the potential for €5,000 GLAS payments or the opportunity for a new farmer to attract Installation Aid," he said.