By Conor Power
Donovan Auctioneers in Tipperary town will be extra busy next week, with the auction of two separate farms at their offices on Tuesday and Wednesday, November 27 and 28.
The properties are both within striking distance of Tipperary, and they offer a combined total of some 125 acres of good quality land.
It’s a double event that should attract a great deal of interest in one of Munster’s hot zones of 2018 in terms of agricultural land sales.
The first auction at 3pm on Tuesday, November 27, is the executor sale of a 49-acre residential holding in the townland of Ballinahow, just 4km from the centre of Tipperary town.
There is direct access off the R662 (Mitchelstown road) to this farm, which is all in grass, with the road frontage on the southern boundary, while the River Arra demarcates its northern flank.
The property will be offered in two lots before being offered in its entirety.
Lot 1 consists of the two-storey farmhouse residence with large cut-stone offices as well as large steel sheds (suitable for use in any number of businesses), all on about one acre.
Lot 2 is the remaining 48 acres of prime agricultural land with excellent road frontage.
“The land is of very good quality,” says Mark Donovan of the property, pointing out that this is prime Golden Vale grassland.
“It’s a good square holding, running from the road to the river. The land has been rented for grazing for last number of years but has been well maintained by a local dairy farmer.”
This is strong dairying country, of course, with plenty of other activities in the area too, including beef farming and horse-breeding.
“There’s plenty of interest building, and there seems to be a good deal of interest locally,” says Mark.
“There’s a lot of interest in the house, and there’s a lot of interest in the entire holding, but less interest in the land on its own so far. But one never knows with a public auction, until the day comes.”
The price expectation for Lot 1 with the house and outbuildings on an acre is in the region of €120,000.
For the quality land stretching to 48 acres in Lot 2, the reasonable expectation is around €480,000, or “in excess of €600,000” for the entire holding.
The second auction is of a larger farm, of 76 acres, located in the townlands of Tooreen and Monaboula, about 12km south of Tipperary town, in the famously scenic Glen of Aherlow area.
Similarly to the property in Ballinahow, this farm has a public roadway running almost at its southern boundary, and it is bounded at its northern end by the River Aherlow, ensuring good road frontage and a back-up water supply.
According to Mark, the land on this farm wouldn’t be quite in the same quality bracket as the other location, but he describes it as good land all the same.
“There are four acres across the road, with the majority of the land on the northern side of the road, in two large fields so it’s very suitable for harvesting silage, with great accessibility.”
The house is an imposing, traditional farmhouse, with attractive stone features surrounding it. It’s a solid structure, but hasn’t been lived in for about 15 years, according to Mark, so a lot of renovation is required to make it a habitable home of modern standards. It’s accessed by a tree-lined avenue from the public road, there is a separate entrance to the large farmyard and outbuildings.
“This will be sold all in one lot,” says Mark, who describes it as a “top quality farm to suit any enterprise.”
The price expectation is at €8,500 to €9,000 per acre for this quality farm with good access and strong potential.