Farm Ireland
Independent.ie

Saturday 16 December 2017

'Fine' Cork dairy farm sells for €10,800/ac

Jim O'Brien

Jim O'Brien

In an auction that saw a late bidder win the day, a 115ac residential dairy farm at Meelin near Newmarket in north Cork sold under the hammer for €1.25m.

The holding, which was sold with a milk quota of 378,059 litres, made more than €10,800/ac.

Located at Meenishall, Meelin, the farm is 9km Newmarket and described as a fine property, with a modern home and substantial, modern farming facilities.

It has a Single Farm Payment worth €14,886 (45.03 standard entitlements with a value of €330.60 each) and a Disadvantaged Areas Scheme payment of €2,879 per annum.

The property includes around 115ac of grassland all in one block within grazing distance of the farmyard and milking parlour.

According to Julie Roche of selling agents Brady Group, the holding is a dry, grazing farm set in rolling countryside divided into fenced paddocks that are well serviced by farm roadways.

The yard has an extensive range of farm buildings in excellent condition.

These include a nine-unit milking parlour, a cubicle shed with space for 80 animals, a five-bay slatted shed with single slats, a 60ft by 35ft calf shed, a machinery store measuring 80ft by 30ft, a silage pit and a slatted slurry storage unit with 667 cubic metres capacity.

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The outbuildings also include six good stables and an old disused farmhouse in reasonable condition that could easily be refurbished.

EXCELLENT

The dwelling house is a modern two-storey, four-bedroom structure built in 1999 and in excellent condition.

Up to 60 people showed up for the auction and the auctioneers had four active bidders when proceedings opened at €850,000.

The price rose in tranches of €50,000 and with two bidders remaining, it was put on the market at €1.2m.

At that point a new customer entered the fray when Mallow-based solicitor, John Moylan, added a bid of €50,000 to the amount on offer.

This was the last bid and it secured the purchase at €1.25m.

Ms Roche described the sale and the interest prior to auction as evidence of an enduring demand for dairy farms in north Cork.

"This is the second substantial dairy farm we sold in the locality in the last few months," she said.

"Back in June we sold a 170ac dairy farm at Carrigcastle, Newmarket to a local farmer for €1.5m."

Irish Independent