Solid opportunity for investors to spruce up their forestry portfolio comes to market
Published 06/08/2014 | 02:30
A major sale of forestry property in the north west is expected to draw interest from a wide range of investors. The Dowra Forest Portfolio includes 270ac of commercial conifer forest plantations and 2.5ac of unplanted land. The portfolio includes products in five locations in counties Leitrim and Cavan all located within a radius of 10 miles.
Planted between 1994 and 2004 on enclosed land the timber is 90pc Sitka Spruce and commands a non-farmer premium of €28,653.14 to be drawn between 2015 to 2018.
Paul Lafferty of Forestsales.ie is selling the property by private treaty and is seeking offers in the region of €1m for the entire.
Set out in five lots the first lot includes 164.5ac of forestry and 2.5ac of unplanted ground located at Garvesk, Dowra.
Straddling the Cavan and Leitrim border, this fully enclosed forest was planted in 1995, 1996, 1999 and replanted in 2003. The timber is accessed by internal roads and is due for thinning in July 2014.
While the remaining lots are located in Co Leitrim, the nearest town is Dowra in Co Cavan.
Lot two extending to 41.74ac is located at Glenfarne. This was planted in 2004 on enclosed land with roadways constructed to provide access.
The third lot, also planted in 2004, extends to 25.8ac and is set on enclosed land at Gortnasillagh.