Farm Ireland
Independent.ie

Friday 9 December 2016

Six Faithful lots provide many options for buyers

Jim O'Brien

Published 29/02/2012 | 06:00

There is a veritable stream of larger farms coming on the market in the midlands these days and the sale of a 129ac residential farm at Broughal, Kilcormac, Co Offaly, is the second such substantial holding to be ready for the auction room in the Faithful County next month.

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The property will be sold in six lots, making it attractive to a wide range of customers.

Auctioneer John Mollin, of Mollin Estates in Tullamore, is hoping the overall sale price will average €6,500-7,000/ac.

The farm is located two miles from the Offaly village of Kilcormac, on the Tullamore to Cloghan road. It is a mixture of good ground and average land.

"It has been let for a number of years and could do with some attention but it's good land nonetheless," Mr Mollin said.

The first lot consists of an old single-storey residence and yard on almost 43ac with 500m of road frontage. The residence hasn't been lived in for many years and needs renovation, while the yard is the traditional kind with a two-column haybarn and double lean-to.

There is mains water and electricity laid on. Half of the land is of good quality, while the other half worsens as it moves away from the road, the auctioneer said.

Lot two comprises a semi-derelict two-storey residence on 1.29ac. The house has access to its own well and water mains and is in need of total renovation.

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Lot three is a 12.9ac parcel with 70m of road frontage, which Mr Mollin describes as good quality ground that could do with some cleaning. He expects this parcel to draw a lot of interest from local farmers.

Lot four, a 3.79ac piece of what is listed as top-quality land with 120m of road frontage, should be attractive to farmers and non-farmers alike.

Best

Lot five, 57ac is probably the best of the larger parcels with 75pc of it good quality ground. This section is in one block and laid out in seven fields stretching to the Silver River and with good road frontage on another side.

Mr Mollin describes this particular section as great fattening land.

"In fact the whole farm is good fattening land," he added.

Lot six is a 10ac field with 200m of road frontage. This runs along lot five and has access to mains water. This is top-quality land and will draw attention from many local farmers.

Lot seven is the entire property and Mr Mollin hopes that, in the event of there being a buyer or buyers for the whole, it will make €840,000-900,000.

The auction will take place at the County Arms, Birr at 3pm on Friday, March 23.

Jim O'Brien

Indo Farming