Long-term investment in Co Kildare
Published 29/03/2011 | 05:00
The proposed sale of 136ac of forest on the Kildare/Offaly border offers an attractive longer-term investment opportunity.
Located at Ballygibbon West, Co Kildare, the farm is less than two miles from Edenderry and agent Gunnes of Ballsbridge is guiding it at €3,000/ac.
The entire holding was planted in 2000 and a management plan was drawn up and approved in July last year. It is planted mainly with Sitka Spruce (around 40pc) and Norway Spruce (36pc) that will deliver an annual premium income of €9,800 with four years left to claim.
The premia will deliver an income of €39,200 and the timber should mature for felling in or around 2035. While it is difficult to estimate the value of the timber at felling 25 years from now, good quality Sitka and Norway Spruce are returning around €8,000/ac.
While the farm has been wholly planted, 85pc of the land is good agricultural ground.