Thursday 29 September 2016

Value added holdings in Mayo

Jim O'Brien

Published 02/03/2016 | 02:30

The view from the 16ac holding at Ballysakeery, Co Mayo which is guided at €10,000 per acre.
The view from the 16ac holding at Ballysakeery, Co Mayo which is guided at €10,000 per acre.

It's a good time for buyers to lay hands on smaller plots of land in all parts of the country. In Co Mayo auctioneer Karl Fox of Fox and Gallagher, Ballina has a wide selection of smaller land pieces ready for the market as the spring begins to get into its stride.

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Two of the pieces being sold benefited from one of the more positive legacies of the tiger years.

At the height of the boom many builders who were farmers' sons and daughters hankered after land and often bought parcels of ground sparing nothing on them in terms of investment and improvements.

They did to their land what their parents would have loved to have done at the home place, had they the money.

Many farms coming on the market since the boom are holdings with great work done in terms of ploughing, reseeding, fencing, drainage and gates.

A 12ac parcel of ground on banks of Carrowkerribla Lough at Attymass 6km from Ballina is a piece of land that benefited from such investment. It was brought back from wilderness by its owner and treated with great care and attention to detail.

"The place is unique," says Karl Fox.

"It has a mile of road frontage on to a side road between Ballina and Foxford and mile of lake frontage.

"It was waste ground really but the man who bought it spared nothing. It is in lovely pasture now with excellent fencing, a new cattle pen, handling facilities and new gates. It is a lovely piece of property."

According to the auctioneer the land rises steeply from the lake and is not prone to flooding.

"It would make an ideal piece of grazing ground for someone who needs an additional parcel of land," Mr Fox said. "It would also have good site potential with the requisite planning permission."

The 12ac is on sale by private treaty with a guide price of €192,000 or €12,000/ac.

Reclaimed land parcel

Mr Fox is also handling the sale of another piece of ground owned by the same man; a 17ac parcel just a short walk from Carrowkerribla Lough.

This too was the subject of decent reclamation and improvement and comes with 500m of road frontage, a cattle crush and top class fencing.

Mr Fox believes the place has great potential for residential development with the possibility, given the necessary planning permission, of four or more sites.

"At €170,000 or €10,000/ac it represents very good value," he said. The place is for sale by private treaty.

Ballina land sales

Another piece of ground of similar size is a 16.4ac parcel of land at Ballysakeery, Ballina. Located on a lane joining the old Ballina Road to the Killala Road the property is about 10km from Ballina.

On the private treaty market with a guide price of €165,000 or €10,000/ac it is described by Mr Fox as the very best of ground without an inch of waste.

Just a few minutes from Killala or Ballina the parcel has extensive road frontage and lovely views over the River Moy and Rosserk Friary.

"While this would make an excellent addition to an existing farm it also has the makings of a lovely residential hobby farm, given the required planning permission," Mr Fox said.

Indo Farming

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