Farm Ireland

Wednesday 21 March 2018

Cork parcel lands big sale

Jim O'Brien

Jim O'Brien

East Cork land always holds its value, even under a hammer wielded by an Allsops auctioneer.

At the most recent giant auction held by the company in Dublin, an 11.6ac parcel of ground at Killeagh, near Castlemartyr, Co Cork, sold for €225,000 or almost €22,000/ac, representing one of the bigger per acre prices paid in 2012.

The land was earmarked for development and at one time had planning permission for a nursing home and residential units. The flat arable ground enjoys extensive road frontage.

However another Cork property sold at the same auction did not fare quite so well.

A 41ac residential equestrian farm located at Knocknagree, 43km west of Mallow and 27km east of Killarney, on the N72, sold for €170,000 or just over €4,000/ac.

The property consisted of 41ac of grassland with outbuildings and facilities that include a three-bedroom bungalow, an all-weather paddock and gallop and various outbuildings in 'shell condition.'

Meanwhile, land in the sunny south east continues to do well. A Wexford property extending to 4ac located 1km west of the village of Monamolin and 15km south of Gorey sold for a very healthy €56,000 or €14,000/ac on the day.

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