Farm Ireland

Wednesday 21 March 2018

Limerick M20 land has plenty of appeal

Jim O'Brien

Jim O'Brien

Land located near the southern end of the M20 motorway around Limerick has been making good money in recent times, with €20,000/ac paid for one such property last year.

Tom Crosse of GVM Property Sales is hoping the sale of a 40ac farm in the same area will emulate that performance.

The holding at Rootiagh, Crecora, is located close to the motorway and is being sold in two lots.

Mr Crosse is guiding an 11ac residential lot at €350,000 or almost €32,000/ac, while a plot of 29ac of low-lying land is being guided at €150,000 or €5,174/ac.

The 11ac lot comes with a single story residence and extensive out offices.

The house, a three-bedroom dwelling with kitchen, dining area, sitting room and bathroom, is habitable at the moment but could do with refurbishment and modernisation.

The out-offices include a garage, a range of farm sheds and a stable yard with six stables.

This portion of the property enjoys frontage on to two roads and may have site potential.

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According to Tom Crosse this holding could make an ideal hobby farm or would be a perfect location for a sales or distribution business given its location adjacent to the motorway and one of Limerick's major industrial estates at Raheen.

The 29ac portion of the holding is described as low-lying, agricultural land adjacent to the M20 and running in very close proximity to Raheen Industrial Estate.

Mr Crosse describes this as having long-term potential and at €150,000 it could prove a shrewd investment. Auctioneer John Flynn of Charleville is joint agent on the sale of this section of the property.

The farm will be sold at auction on Thursday, April 4 at 3pm in the GVM's auction rooms at 25-26 Glentworth St, Limerick.

Irish Independent