Farm Ireland
Independent.ie

Tuesday 20 February 2018

Plenty of auction action as markets enjoy steady start

ATTRACTION: An executor sale of a 140ac seaside farm in two lots, located three miles from Cloyne village and six miles from Midleton, is expected to draw strong interest from near and far when it is put to auction at the end of February
ATTRACTION: An executor sale of a 140ac seaside farm in two lots, located three miles from Cloyne village and six miles from Midleton, is expected to draw strong interest from near and far when it is put to auction at the end of February
Jim O'Brien

Jim O'Brien

These early days of 2014 are seeing a steady number of auctions take place. Last week Kilkenny auctioneer, Joseph Coogan sold a 14ac parcel of ground just off the street at Freshford, Kilkenny, for €183,000 or over €13,000/ac.

Mr Coogan described the farm as the best of grazing ground. Divided into three fields, the original property included a derelict cottage on 0.25ac that was also offered for sale at auction.

The auction of the 14ac parcel opened at €150,000 and with two bidders in the chase it sold under the hammer to a dairy farmer from Tullaroan for €183,000. The cottage was withdrawn but sold afterward, again to the Tullaroan man, for a figure that brought the amount paid for the entire to more than €200,000.

Also in the southeast, David Quinn has a number of smaller properties coming to auction.

Mr Quinn is bringing to auction a 22ac parcel of roadside grazing ground located at Raheenteigue, Co Wicklow. Located 5km from Tinahely and Shillelagh, the farm is described as heavier grassland with a natural water supply and good road frontage. It is guided at between €7,000 and €8,000/ac

The lands come to auction on February 14 at 3pm at the Carnew offices of Quinn Properties.

There should be quite some interest in a 16.5ac residential equestrian farm at Ferns Demense, Ferns, Co Wexford. Located along the N11 and 1km south of Ferns, the property includes a 20-year-old, three-bedroom bungalow in good condition. The yard has nine stables and a storage area, while the land is divided into 16 paddocks in a mixture of tillage and grass.

The land is guided at €10,000/ ac while the house is guided at €140,000 to €150,000 or €280,000-300,000 for the entire.

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The auction takes place at the Gorey office of Quinn Properties at 3pm on Friday, February 21.

A 36ac roadside holding at Ballyandrew, Ferns, located 2km off the Bunclody road, will be brought to auction with a guide of €10,000 to €12,000/ac.

The non-residential farm is described as comprising north Wexford tillage land, of which with two-thirds is currently in stubble and one-third in grass. Set out in two divisions of 7.7ac and 22ac, the holding has good road frontage and will be offered as an entire or in two lots when it comes to auction at Quinn Properties Gorey office at 3pm on Tuesday, February 25.

Dairy farmers to shake up land markets with drive for out-farms

Dairy farmers are set to shake up the land market this spring in a drive to buy or lease out-farms in preparation for expansion next year.

Kilkenny auctioneer Joseph Coogan said he was getting hourly calls from dairy farmers looking for land located within striking distance of their home.

"The man moving from 80 cows to 120 will want to use all the land in the home place for grazing, so these guys will be looking for medium-sized out-farms on long-term lease or to buy to supply fodder and grazing for replacement stock and drystock," he said.

Mr Coogan said he was convinced the elimination of quotas was going to make a huge difference to the land market.

"I know of 10 new milking parlours being built here in north Kilkenny and I'm sure the same is true in the south of the county and further afield," he said.

Cork-based agricultural consultant Mike Brady agreed that dairy farmers would be more active in the land market this spring. "Dairy farmers with expansion plans are looking to lease, but also some wish to buy out-farms for rearing young stock. Land currently used on the grazing block by heifers will be filled with cows, hence the need," he said.

Mr Brady said that buildings on such holdings are a major attraction as it saves the capital cost of constructing additional housing and slurry storage.

He also said that larger profitable dairy farmers are buying land through limited companies for tax purposes.

Coastal farm will sea lots of interest

Cloyne in east Cork is renowned as the home of hurling legend Christy Ring. The locality is also home to some of the best tillage and dairy land in the country.

An executor sale of a 140ac seaside farm in two lots, located three miles from Cloyne village and six miles from Midleton, will draw strong interest from near and far when it is put to auction at the end of February.

The property comes with an overall guide price of €1.4m or €10,000/ac

The two lots include an 87ac residential holding at Ballycroneen Upper, while the second lot, a 53ac parcel with no buildings or services, is located 180m away at Ballywilliam, Churchtown South.

Both parcels have magnificent sea views, while the 87ac portion has direct access to Ballybrannigan Beach and substantial road frontage.

RARE

The farm is described by Midleton auctioneer Adrianna Hegarty, of Hegarty Properties, as prime land in a good farming area.

"It is rare for coastal land in this area to come on the market, it is generally passed on from one generation to the next. In this case the late Mr John McCarthy had no living relatives in Ireland so the land is for sale.

"I live close by and if I won the Lotto I'd buy this place. It is a gorgeous property," she said.

The 87ac roadside holding includes a three-bedroom bungalow, farmyard and farm buildings.

Accommodation in the dwelling house includes a kitchen/dining area, utility room, sitting room, living room, three bedrooms and a bathroom. The farmyard, which is located in a central position on the farm and accessed by a laneway, includes hay barns, cattle sheds, stone sheds, a silage pit and a derelict stone cottage and some other old stone buildings.

All in one block and divided into 15 fields with 274m of road frontage, the lands are on an elevated site and command magnificent views over Ballybrannigan Beach and surrounding countryside.

A stream running through the land provides a natural water supply and services include electricity.

The 53ac parcel located at Ballywilliam, Churchtown South is laid out in three interlinked blocks of good quality tillage and grazing ground.

There is substantial road frontage with the property, which also bounds the sea and has excellent sea views.

Part of the land is accessed by a right of way and it comes without entitlements or services.

The property will be sold at auction at the Midleton Park Hotel on Wednesday, February 26 at 3.30pm. Cronin Wall Properties Ltd, Midleton are joint agents in the sale.

Irish Independent