Tuesday 27 September 2016

Prime Kilkenny land guided at €8,500 per acre

Published 17/02/2016 | 02:30

Given the long stretch of bad weather since early November, the auction season is in for a slow start as land will not be looking its best anytime soon.

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However, holdings big and small are continuing to be bought and sold on the private treaty market.

Among the properties on the market at the moment is a 51ac non-residential farm at Thomastown in Kilkenny.

All in old pasture, the farm is for sale with a guide price of €440,000 or €8,500/ac.

Located just over 3km from Thomastown and less than 5km from the lovely Inistioge, the holding is described by selling agent Ed Donohue as "a grand square of land set out in old but good pasture".

The land is located in a strong farming area and, according to Mr Donohue would be eminently suitable as an out-farm.

Laid out in seven manageable fields, the farm is well-watered and fenced with neat hedgerow.

One of the fields has decent road frontage that could give the farm residential potential once the requisite planning permission is obtained.

"Aside from a small 4ac piece that might need a bit of attention there isn't a thing to be done to the place," Mr Donohue said. "I think it is guided right at €8,500/ac and I'm expecting a lot of local interest in it," he said.

Monaghan Land

Much further north to Glasslough in Co Monaghan, Robbie Gallagher of Sherry FitzGerald Gallagher is selling a 20.7ac parcel of ground located 1km from Glaslough village, home to the famous Castle Leslie, the site of many celebrity events in recent years, including former Beatle, Paul McCartney's wedding.

The holding includes an old bungalow in need of modernisation and is described by Mr Gallagher as a decent property with up to 400m of road frontage on a straight stretch of road.

"With the necessary planning permission there is the potential for a number of sites along this," Mr Gallagher explains.

The land is flat at road level but rises from the road settling into a plateau at the top.

It is mainly good quality ground with a soft patch of about 0.5ac that could do with drainage. The holding is being offered in two lots or as an entire.

At present there is a bid of €130,000 on the house with 1.8ac, while a bid of €325,000 has been put on the entire. Mr Gallagher is hoping for "a bit more to close a sale or sales".

Indo Farming

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