Ready-made income stream makes two parcels attractive
Non-residential parcels are continuing to sell and two medium-sized parcels in Offaly and Tipperary with a mixture of grazing and forestry should prove attractive to customers in search of holdings with a ready-made income stream.
Newport auctioneer James Lee is selling a 72ac farm at Coosane near Birdhill on the Limerick-Tipperary border. The farm includes 25ac of forestry and 47ac of grazing ground along with a range of useful farm buildings in a private treaty sale with a guide price of €600,000 or almost €8,500/ac.
Located 2.5km from Birdhill, 3.5km from the M7 motorway and 16km from Limerick city, the holding is just off the old N7 between Birdhill and Daly's Cross.
The farm is described by James Lee as a good grazing farm made up of nice clean land with good road frontage. The buildings on the holding include a relatively modern six-bay slatted shed and some older buildings.
The 25ac of forestry is made up mainly of hardwoods including spruce, larch and oak with eight years of premiums left at €4,500 per annum.
The roadside holding was withdrawn from auction some time ago and has been the subject of active interest since.
A current offer "not far from the guide price", according to the auctioneer, is leading the field.