Rare opportunity to seize substantial Galway gem
There will be much interest when an 80ac residential farm at Kilboght, Kilrickle, Loughrea, Co Galway, is brought to auction on Friday, November 25, with a guide price of €550,000, or just less than €6,000/ac. The farm comes with entitlements and forestry premia of up to €10,000 a year.
Kilboght is located 6km east of the town of Loughrea on the old Galway-Dublin Road and the farm is found at the end of a cul-de-sac off that road.
The house, while in need of modernisation, is habitable and has been well cared for over the past few years.
The accommodation includes a living room, parlour, kitchen, bathroom and three bedrooms. To the rear of the house lies the farmyard, which comprises a hayshed and stables that are well maintained. The lands are all in one block and well defined with fencing and a stream. Some 50ac are described as comprising good land, while 29.75ac are in forestry.
The forestry has 13 years of premia remaining at €5,000 a year, while the farm as a whole is subject to a Single Farm Payment of around €5,000.
The farm is accessed by two separate entrances and, while the property is under six different folios, it will be sold in one lot.
According to Fergal Leonard, of selling agents Maxwell Heaslip & Leonard, it is rare that a substantial residential farm like this comes to the market in the area.
"With the farmhouse on site, and its close proximity to the town of Loughrea and main roads, we are expecting huge interest in the farm," he said.