Farm Ireland
Independent.ie

Tuesday 23 January 2018

High quality mixed farm in Tipp guided at over €7,000/ac

Holding includes tillage, grass and forestry

A tragic car accident last March took the lives of well-known North Tipperary farming couple Michael and Carmel Flannery. As a result of the tragedy the family farm near Nenagh is to be sold by public auction.

Extending to 110ac and located at Ballintotty on the outskirts of the town, the property includes a residence, a traditional farmyard and a mix of tillage land, grazing ground and forestry. The sale for the entire is guided at €850,000 or over €7,200/ac.

The farm is situated about four miles from Nenagh, adjacent to the old N7 and divided by the M7 motorway. It will be sold in a number of lots.

The best of the land consists of a large tillage field extending to 40ac situated between the N7 and the M7 motorway with frontage on to the N7 and also on to a local road.

This section is made up in the main of fine, elevated tillage ground that slopes down to a service road at the side of the motorway.

Currently under stubble the guide price for this parcel is €400,000 or €10,000/ac.

The house and yard with 6.7ac of forestry will be offered as another lot.

This part of the property is located on a minor road off the N7 and includes a split-level house that has all the appearance of a bungalow from the front but the back portion of the house has a second floor.

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The accommodation includes five bedrooms, an entrance hall, a kitchen, sitting room, dining room, a spacious family bathroom and a back hall.

The house is quite habitable but in need of refurbishment and modernisation.

To the rear of the house is an old style farmyard with a range of block-built and old mass-concrete buildings.

The out-offices include a workshop, a three-bay haybarn and a two-bay barn, an old dairy, a range of useful sheds, three pony stables and extensive concrete yards.

The buildings are dated and some are without roofs but the yard has potential. The forestry is a mixture of birch, larch and ash and was planted in 2001.

The house and 6.7ac of forestry is guided at €150,000.

Across the local road from the house is a 19ac parcel made up of 6ac of forestry and 13ac of grass. With a guide of €130,000 this represents good value at less than €7,000/ac.

According to estate agent Eoin Dillon much of the land under forestry on the farm is good grazing or tillage ground but due to Mr Flannery's family circumstances it suited his purposes to have the ground planted.

The income from the timber premiums is €10,000 per annum, with about five tears of payments remaining.

The largest parcel of forestry is located on the south side of the motorway. Extending to 36ac, this parcel of planted ground is surrounded by good farmland and bounded by a dairy farmer.

It is guided at €130,000 or over €3,600/ac.

The last piece is also on the southern side of the motorway, a 7.5ac parcel with 1.5ac in grass and 6ac in forestry is guided at €30,000 or €4,000/ac.

In general the land is in good heart and the forestry is well fenced and in good condition. Eoin Dillon expects a mix of local and outside interest in the farm.

"Obviously local people know the land and know the place," he said, "but the farm is also very accessible for people not living in the immediate area so I wouldn't discount strong outside interest."

The property will be sold at auction at the Abbey Court Hotel, Nenagh at 3pm on Thursday March 12.

Ballymackey sale

Meanwhile, on the private treaty market, Mr Dillon is selling a parcel of land extending to 18ac at Wilton and Woodville, Ballymackey near Nenagh.

The land is in two lots and laid out in three fields.

One of the fields is a lovely piece of elevated grazing ground extending to 4.8ac with extensive road frontage. With the requisite planning permission this piece would make a fine site for a house. It is guided at €60,000 or €12,500/ac.

To the back of this field is a larger piece of ground extending to 13.5ac. It is in two fields of grass, one an elevated piece of ground and the other more low-lying.

Access to this property is through the lower field with gate access to the road. The 13.5ac parcel is guided at €150,000 or just over €11,000/ac.

Indo Farming