Northwest farm market to test strength of the market
There is quite a bit of activity in the rural property market in the northwest with a number of farms for sale on the borders of Roscommon, Leitrim and Cavan.
At Hollymount, Carrick-on-Shannon, auctioneer Tom Cox is selling a 53.33ac residential farm at a public auction that takes place tomorrow.
The executor sale will see the property disposed of in lots or as an entire, with a guide price of €5,000 to €6,000/ac being quoted.
The farm, which is located four miles from Carrick-on-Shannon and four miles from Boyle, was let for seven to eight years and is in need of some attention.
According to Mr Cox the ground is of good quality. Set in an 'L' shape, the property is laid out in large divisions and comes with limited road frontage.
The yard is of the traditional kind and includes a range of outhouses, a haybarn, a cattle yard and pens. The residence is a two storey traditional farmhouse in need of complete renovation.
The property will be sold as an entire or in lots, with the first section comprising the house on 1ac, while the remaining 52.33ac can be sold separately.
The auction takes place at the Bush Hotel, Carrick-on-Shannon at 3pm tomorrow, Wednesday, May 28.
Mr Cox is also handling the private treaty sale of a 33ac non-residential farm at Runnaroddan, Stonepark, located between Elphin and Croghan, and about six miles from Carrick-on-Shannon.
The land is laid out in large divisions and described as good quality, fertile ground that is well fenced and comes with a water supply laid on.
According to Mr Cox the property may be put to auction at a later date but for the moment it is for sale by private treaty with a guide price of €200,000 or over €6,000/ac. There is substantial interest coming from Leitrim customers.
Meanwhile, a parcel of forestry extending to 18ac at Killycarley, Blacklion, Co Cavan will be attractive to investors.
Planted in 1990, the plantation has no premiums remaining but, according to Tom Cox, the crop of Sitka Spruce is matured and will soon be ready for harvesting.
It is for sale by private treaty with a guide price of €3,000 to €3,500/ac.
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