Hidden Limerick gem in need of a makeover
Shanagolden in Co Limerick has been making headlines in the property market of late. A 69ac farm sold at auction some weeks ago for more than €14,000/ac and Richard Ryan of GVM Kilmallock is hoping for a similar performance at the auction of a 125ac residential property on the main road between Shanagolden and Newcastlewest.
The farm is on the market in two lots, with a guide price of €1m or €8,000/ac. Mr Ryan recently sold land in the area for €10,000/ac.
The property is located at Moig, 1.5 miles from Shanagolden, eight miles from Newcastlewest and 25 miles from Limerick city. Divided into two lots by the main road, it has substantial frontage.
The holding, which comes with single farm payment (SFP) entitlements of approximately €8,900 per year, was once a model enterprise in Co Limerick.
The milking parlour, built in the 1950s and still standing, has stalls for 32 cows and was an object of interest to farmers from all parts of the country and regarded as ahead of its time.
However, in recent years the holding has suffered decline and needs attention.
The residence, a substantial two-storey period house has tremendous potential but is in need of complete renovation and modernisation. The yard is of the traditional kind, with a four-column haybarn, the famed cow house, a cattle crush and a range of out offices.