Strong bidding pushes up price of east Cork holding
An East Cork farm extending to 75ac sold at auction recently for a strong €15,825/ac. The roadside farm at Ballybrack, Carrignavar – eight miles from Cork city – was guided at between €12,000 and €15,000/ac prior to auction.
Located 3.5 miles from Carrignavar and 2.5 miles from Glenville, the farm is described by auctioneer Mick Barry as top quality east Cork ground. Currently in grass, the holding has no buildings and is well fenced with good frontage on to two roads.
Bidding opened at €700,000 and quickly reached the €1m mark. Two bidders fought it out until the auctioneer put the farm on the market at €1,070,000. No further bids were forthcoming and it was sold at that price to solicitor Martin Archer, who is believed to have been acting for a local dairy farmer.
Across the border in Tipperary, Clonmel auctioneer John Stokes is selling a "lovely" 57ac grass farm near Cahir. The property, which has been let for a number of years, comes with a guide price of €10,000/ac.
Located at Outrath, 6km from Cahir on the New Inn road, the land is laid out in 11 fields of pasture, is serviced with mains water and has plenty of road frontage. According to John Stokes, it comprises the best of ground with no waste and would suit any farming enterprise.
"It's a lovely south-facing fertile piece of ground," he said. "It is owned by a lady living abroad and she has decided to sell having rented it for many years."
The farm will be sold at auction at Cahir House Hotel at 3pm on Monday, May 12.