Business Farming

Tuesday 16 September 2014

Prime Tipp' development land makes €33k/ac at recent Allsops auction

Jim O'Brien

Published 05/08/2014 | 00:00

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The recent Allsops auction saw a number of rural properties go under the hammer with some interesting and surprising prices paid.

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Proof that south Tipperary land holds its value in any auction room came when a parcel of land extending to approximately 9.24ac at Gortnafleur Business Park, in Clonmel, Co. Tipperary sold for €305,000 or over €33,000/ac.

The property is situated to the north of Gurtnafleur Business Park just off the N24 Old Waterford Road and is zoned commercial under the current local development plan.

Meanwhile, another Tipperary property, a 13.68ac parcel at Árd na Gaoithe Business Park, Clonmel, Co Tipperary sold for €265,000 or over €19,000/ac.

This mirrors a price of over €20,000/ac paid at auction last week for a 75ac farm adjacent to the same business park.

The 13.68ac parcel is situated approximately 2km from the N24 Clonmel outer relief road to the north side of the Árd na Gaoithe Park. The parcel is also zoned under the Clonmel & Environs Development Plan 2013-2019 for "Light Industry and Employment."

The auction also saw the disposal of some landmark rural properties including The Park Hotel in Edgeworthstown, Co Longford, once a major gathering place for rural communities in the Longford area.

In its day it hosted many a local dinner dance and community function.

Set on a 1.2ac site the property included the 22-bedroom hotel, together with a derelict two-bedroom house along with a garden and car park to the rear and a bar with a seven-day license.

Also sold was the well known Brosna Lodge Hotel at Banagher in Co Offaly which, along with a four bedroom house, went under the hammer for €250,000.

The 14-bedroom hotel, which was recently refurbished, extends to 6,125 sq ft and includes a bar with a seven day license, and two restaurants.

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