Farm Ireland

Monday 22 January 2018

100ac Limerick farm sells for close to a million

An aerial view of the 85acfor sale at Knockatanna, Caherconlish, Co Limerick
An aerial view of the 85acfor sale at Knockatanna, Caherconlish, Co Limerick
Jim O'Brien

Jim O'Brien

A 100ac residential farm located at Caherconlish and Oola in Co Limerick has been sold in a private treaty executor sale for a sum believed to be in the region of €1m.

The residential portion of the farm extending to 85ac is located at Knockatanna, about 1km from the N24 and Caherconlish. The other 15ac are located at Shanaclough West, near the village of Oola.

The land at Caherconlish is laid out in a number of large fields divided by a mixture of hedgerows and electric fences. While the ground doubtless needs attention, it is good grazing land in good heart.

An extensive, old-style yard with the farm includes a four-unit herringbone milking parlour from the late sixties, a four-column haybarn with lean-to and cubicles along with a three-column haybarn with a lean-to used as a machinery shed.

The house is a traditional style two-storey farmhouse in need of modernisation and refurbishment. The accommodation includes a kitchen, sitting room, four bedrooms and bathrooms upstairs and downstairs. The 15ac parcel at Shanaclough West, Oola is described by Tom Crosse as "superb ground".

While the GVM auctioneer refused to be drawn on the details of the final deal, local sources indicate that the parcel at Oola made in the region of €180,000 while the 85ac at Caherconlish is reported to have made in excess of €800,000 giving a sales price around the €1m mark.

Tipperary auction

In one of the final sales of 2016, John FitzGerald of Dougan FitzGerald Clonmel sold a 28ac tillage farm at Ballyboy, Cloheen near Cahir for €310,000 - or over €11,000/ac.

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The land is described as the best of tillage ground laid out in four fields with separate access on to two roads.

On the day of auction, the place attracted the attention of two local farmers when the bidding started. It opened at €280,000 and climbed swiftly until it reached €305,000 when a further bid of €5,000 saw the hammer fall in favour of an adjoining farmer who bought the place for €310,000.

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