Substantial land holdings were a strong feature of the land market last year and this year the trend seems to be continuing. Some of the early entrants to the market are on the larger side.
In that vein, Maynooth’s Willie Coonan is handling the sale of a 155ac tract of land between Birr and Banagher in Co Offaly. The sale is guided at between €700,000 and €800,000, or between €4,500 and €5,000/ac.
Located 4km from Banagher and 10km from Birr, the lands are all in grass and are described by the auctioneer as mainly of good quality with a portion requiring upgrading. In a rectangular shape and laid out in a range of large fields, the holding is well fenced with a good water supply. There is a small yard reached by an avenue from the public road and this has two dated cattle-feeding sheds with accommodation for about 40 cattle.
While the property is being sold as agricultural land, it has good road frontage on to the Birr to Banagher road.
With the required permission could, have residential potential. Planning permission for the development of the yard should get a head start from the existence of the current buildings.
The property also contains a substantial deposit of quality rock to be excavated and the place could have the potential for development as a quarry, subject to planning permission.
The holding will be sold in its entirety and Mr Coonan is confident of lively interest, saying the place has potential on a number of fronts and is keenly priced.