Farm Ireland

Wednesday 21 February 2018

Greencore mill slashed to ¤120k

The asking price of the former Greencore malting barley intake close to Monasterevin, Co Kildare, has been slashed from €300,000 to €120,000 in a bid to attract a buyer.

Known locally as Ballykelly Maltings, the 4.5ac property used to be the intake point for grain for Greencore, where it was stored and dried.

The property is located approximately 2km north of Monasterevin town centre, just off the Rathangan Road (R414) on the banks of the Grand Canal.

It includes a range of mill buildings with extensions, sheds, stores and facilities.

The site was first developed as a water-powered flour mill in the early 1800s, using the Grand Canal as a water source.

It was extensively redeveloped and extended in the early 1900s as a maltings. Since the 1970s, the buildings have been used exclusively for the drying and storage of grain.

The buildings include a flour mill dating back to 1801, malt kilns from 1905, a malthouse from the 1900s, a 1960s-constructed grain intake shed, grain dryers (1970s) and grain silos (1970s).

Some of the older buildings, including the flour mill, have been designated protected structures so any future work would probably require planning permission. However, there are no restrictions on the later buildings.

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The property is for sale by private treaty.

Commenting on the sale, Clive Kavanagh, of selling agents Jordan Auctioneers, said: "This time last year we had three mill properties for sale, including Stradbally and Bagenalstown, which have both been successfully sold.

"Monasterevin is the last currently on our books and at the price level now being quoted, the property represents an excellent opportunity for a buyer to purchase the property at a very attractive price."

Mr Kavanagh said it could suit a number of potential buyers, including a haulage business, distribution centre or it could be used as a warehousing depot.

"There are so many yards and stores that it could be put to very good use along those lines," he maintained.

It is believed that the Stradbally property sold for €300,000, while the Bagenalstown holding made €250,000.

Enquiries to Jordan Auctioneers on 045 433550

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