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Friday 9 December 2016

Rare 435ac block to sell in Co Dublin

Jim O'Brien

Published 18/10/2011 | 05:00

A 435ac residential holding with extensive planning permission at Skerries in north Co Dublin is to be sold by private treaty.

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The property comes with an array of residences and farming facilities that include two main houses, five gate lodges, two courtyard-style farmyards and several stone-cut outbuildings.

Selling agents Knightfrank are guiding the private treaty sale at €9.5m, or just over €20,000/ac.

Located 2km from the seaside town of Skerries, the property is close to the sea and Dublin Airport.

It comprises two distinct farms, Milverton Demense on 304ac and a section known as Home Farm on 160ac. These can be bought in separate lots.

At €20,500/ac, the price is not far behind the strongest price paid for top quality agricultural land in the area over the past year, when the upper end of the market saw land making about €15,000/ac.

It is to be expected that local farmers will be in the market for this extensive property given its location and the quality of the land.

The buildings are in varying states of repair. The main residence at Milverton was destroyed by fire in the earlier part of the last century and replaced by an inferior house.

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The house with Home Farm is boarded up but it has potential for restoration. Three of the five gate lodges are occupied at present. The property also includes mature parkland, woodlands, a lake that is home to an array of wildlife and extensive road frontage.

With its elevated site and sea views, Milverton comes with full planning permission for the development of a 300-bedroom hotel, 57 houses, two 18-hole golf courses and a nine-hole putting course that includes a short game academy and practice range.

Also included is permission for two golf club houses with changing facilities, bars, restaurants, and pro shops.

While the development potential of Milverton Demense may be dormant at the moment, there is no denying the farming potential of the place.

The sale will be an interesting one from a number of perspectives.

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