Farm Ireland

Tuesday 20 February 2018

Bargain with big potential

Caitriona Murphy

Caitriona Murphy

Given its reasonable guide price of €280,000 (just €4,000/ac), the sale of a 70ac hill farm close to Macroom in Co Cork is understandably generating considerable interest among local farmers.

The price of the property at Cappagh, Ballyvourney, has also put it within range of those looking for forestry land for planting.

Situated a mile from Ballyvourney village -- in the heart of the Muskerry Gaeltacht -- the farm is an elevated south-facing property that has not been maintained to a high standard in recent years.

It consists of 25ac of grazing land and a further 45ac of land in need of attention.

The land is divided by a private tarmacadam roadway and has road frontage on the southern boundaries onto a minor road.

Auctioneer Killian Lynch says the asking price was set to take into account that the farm requires some improvement but maintains that improvement works would yield dividends for any new owner.

"It used to be decent grazing ground and could be again," he says.

Indeed, the farm has been farmed with dairy cows in the past, as evidenced by the 23-unit cubicle house that features among the farm buildings. Other farm buildings include two sheds that are in good structural condition.

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It does not include any single farm payment entitlements or other support payments.

The same agent is also handling the sale of another 31ac non-residential farm on the outskirts of Macroom.

The farm at Codrum, Macroom, is situated adjacent to land that has been partially developed for residential use. The Codrum land comes with nearly a mile of road frontage onto three different roads, including the N22 Macroom/ Killarney road.

The land is all under permanent pasture and is described as good quality, with the exception of four to five acres which require improvement.

This farm already has an offer of €280,000 on it but the vendor is seeking offers between €330,000 and €340,000.

Enquiries to Killian Lynch Auctioneers on 026 41421.

Indo Farming