Midlands farm set to change hands for first time in 246 years
Published 04/05/2016 | 02:30
A 71.5ac farm in the same family for 246 years in Co Offaly is to come under the hammer of auctioneer Matt Dunne over the next few weeks.
Records show that a Mr Hugh Kelly lived on land located at Ballinakill, Walsh Island as far back as 1770.
The farm is still in the Kelly name but this will more than likely come to an end at the executor sale of the property to be conducted by auctioneer Matt Dunne.
The land will be sold in lots with a collective guide price of €330,000.
"Unfortunately dynasties such as this come to an end sometime, but every grey cloud has a silver lining and this now gives young farmers in the area a 'rare opportunity' to extend their existing holding," said Mr Dunne.
The auctioneer describes the land as surprisingly good, "being so close to the bog one would expect the land to be marginal and peaty - but , on the contrary, every inch of this land has been ploughed over the years with great results," said Mr Dunne.
The vendor, Joseph Kelly, had been in poor health for some time, and the land was mainly rented for the past 10 years.
The farmhouse, a spacious two storey residence, constructed in the 1950s is approximately 1,150sqft, with accommodation that includes three bedrooms, a living room, kitchen, bathroom and scullery. The farmyard includes a three-span hay shed with lean-to and a range of other outbuildings.
For the purposes of the auction the farm will be offered in three lots. The first lot consists of the farmhouse on 13ac and is guided at €120,000.
The second lot adjacent to the house comprises 41.5ac with turbary attached that has commercial potential and this is guided at €160,000. Lot three consists of 17ac of forestry planted in 2010 and made up predominantly of Norway Spruce with some Scots Pine, Ash, Alder and Birch.
The annual premium is €3,100 with 14 years left to run. This is guided at €50,000. The final lot is comprised of the entire.
The auction takes place at the Bridge House Hotel, Tullamore at 3pm on Tuesday, May 10.