Cornasesk Estate, located near Virginia in Co Cavan, is a 182ac working farm adorned with the relics of a bygone age.
The estate includes parkland pasture, a small gate lodge, stone-built farm buildings and the ruin of the former Cornasesk House, which was destroyed by fire in 2006.
The farm, which has a panoramic view over Lough Ramor on the edge of Virginia, comes with €27,000 in annual payments and is for sale by public auction with a guide price of €1.2 million or €6,500-7,000/ac. Cornasesk is located just south of Virginia and a short distance off the N3.
The old house, destroyed by a fire, was a traditional period two-storey farmhouse, dating back to about 1850.
Attached to the remnants of the house is a courtyard with lean-to machinery sheds and a garden area to the rear. Also included is a small gate lodge with two rooms, which was recently rewired and dry-lined. According to Pat O'Hagan of selling agents, Savills, the lands are mainly in grass, with about 30ac having been tilled recently and 7ac in forestry along the stud-railed avenue leading to the old house and yards. The farm is in REPS 4 up to 2014 and with the SFP, the annual payments come to €27,000.
The lands are laid out in good-sized divisions with access to the Mullagh road. The largest feilds are over 25ac, but most are 10-15ac.
The property includes a stone-built farmyard, bell tower and two-storey houses, offering potential for restoration.
The property comes with full planning permission for a golf course, hotel and luxury housing, but the farm is priced at its agricultural value.
Pat O'Hagan believes Cornasesk has potential on many fronts.
The ruins of Cornasesk House sit on an elevated site and could be restored to make a fine country house overlooking the lakes below, he says.
The auction takes place at 3pm in the Lakeside Manor Hotel, Virginia, on Tuesday, June 26.