Farm Ireland

Thursday 14 December 2017

€23,600/ac sale raises Ballincollig auction hopes

Jim O'Brien

Jim O'Brien

One of the highest prices paid for land in the past 18 months was for a 30ac farm at Ovens, on the outskirts of Cork city, which was sold at auction for €23,600/ac in February last year.

Just 1.5 miles away, another farm of similar quality, extending to 58ac, has come on the market. Auctioneer Killian Lynch is hoping that the sale of this holding, located at Ballygroman Lower, Kilumney, just three miles from Ballincollig, will be as successful when it comes up for auction next month. The sale is being guided at €15,000/ac.

According to Mr Lynch, the farm is of exceptional quality and was fully reseeded in recent years. It is suitable for all farming enterprises and situated in an area of renowned dairy and tillage farmers.

The holding is in one block with no internal fences and enjoys about 0.5 miles of road frontage along its northern boundary.

The property will be offered in three lots. Lot one consists of 32ac, lot two 26ac, while lot three will comprise the entire.

Mr Lynch is hopeful of a lively sale on auction day.

"Land prices are on the rise in Cork at present and farm sales like this bring a lot of enthusiasm to it," he said.

He is optimistic that the sale might raise the bar even higher than his last transaction to conclude under the hammer.

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"While we might even exceed the €23,600/ac price we got at Ovens, we will guide this property at €15,000 to €17,000/ac and hope for the best," he added.

The auction will take place at Oriel House Hotel, Ballincollig, at 3pm on Wednesday, March 21.

Jim O'Brien

Indo Farming

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