Farm Ireland

Thursday 26 April 2018

274ac on capital's cusp has scale and 'hope value'

Jim O'Brien

Jim O'Brien

In recent months more and more parcels of one-time development land have come on the market around towns and villages. The sale of a 274ac parcel of ground on the outskirts of Lucan, Co Dublin represents one of the first big sales of such property around the capital.

The farm, once owned and operated by St Edmundsbury Hospital, is to be sold by public auction and comes with a guide price of €15,000/ac.

The farm, which lies on the western edges of Dublin city, comprises good arable land with mature trees, frontage onto the River Liffey and a range of old buildings.

It is bounded by Lucan, Luttrelstown Golf Club, the Hermitage Golf Club and the River Liffey. One portion has planning permission for the construction of a five-bedroom house.

Enjoying extensive river frontage on to the Liffey and on to the old N4, the ground is described by auctioneer and selling agent Paddy Jordan as the best of land and is currently under tillage.

Since being purchased from the hospital more than 15 years ago, the land has been rented to local farmers. Laid out in 14 divisions the lands slope northwards and are serviced by an internal roadway.

The farm will be offered for sale in the entire and two lots. The main section consists of 268ac at St Edmundsbury on the edge of Lucan.

This block has frontage onto the River Liffey. The property is currently accessed via an existing entrance to St Edmundsbury Hospital, by an agricultural gate off the Old Lucan Road and a service road to the Hermitage Golf Club.

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An old farmyard is adjacent to St Edmunsbury Hospital and was originally the dairy yard. It comes with a range of buildings in disrepair. There are also a number of sheds and silage pits, including a 30ft x 60ft enclosed shed with silage walls and concrete base. There is also a 30ft x 60ft enclosed shed with concrete base and three open silage pits on concrete.

Other buildings include a farm manager's residence in very poor repair and an old derelict residence and yard located in the middle of the holding. A small two-storey gate lodge located inside the main entrance is also included in the sale.

The second lot consists of the derelict Delville House on 6ac. This part of the property, located adjacent to the Hermitage Gold Club, includes planning permission for a five-bedroom, two-storey house extending to circa 4,693 sq ft.

While interest in the property is expected from farmers with an eye for a good tillage farm on the outskirts of Dublin, it is expected that a variety of investors and investment houses will have more than a passing interest in the 'hope value' of the land, given its location.

The property will be sold by public auction at the Clarion Hotel, Liffey Valley at 3pm on Thursday, September 26.

Irish Independent

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