A 32-acre farm of very high quality near Cashel in South Tipperary is currently on the books with Clonmel-based auctioneer PF Quirke & Co.
Located in the townland of Railstown, approximately 8km to the east of Cashel, this holding is one that has undergone a considerable amount of investment to set it up as a quality stud farm enterprise.
Land in South Tipperary has been achieving some very high figures over the last year.
The difference with this farm, according to selling agent Pat Quirke, is that because it has gone so far down the road of being set up as a stud farm, it is unlikely to attract interest from the strong dairy farming community or any other of the more “normal” sectors for that matter.
“This is done to top of the range stud-farm standard,” says Pat, “with roadways, hedging, fences and walls. It’s an exceptional small holding.”
Pat explains that the current owner was planning to build his own residence on the property, and use it as a stud farm, until another farm came up for sale nearby.
The planning permission for a substantial home is non-transferable, but it remains a site with a good planning history, which would stand favourably towards the next owner.
The land is laid out in seven paddocks with farm roadways and electric gates and has road frontage on two sides.
Close by is Junction 8 of the M8 Dublin-Cork motorway, familiar to many travellers for its motorway services station.
“There are three gates into the property,” says Pat, “all linking up with internal roadways.
“It’s also very well situated.It’s about an hour from Cork, an hour from Shannon, and an hour and a half from Dublin. It’s in a really, really good location.”
As for the price, the guide is “in excess of €30,000 per acre”.
As Pat puts it, the property is “too well developed” to be attractive to strong dairy operations looking for additional acreage.
Even the highest prices achieved this year in South Tipperary were up around the €20,000/acre mark.
“And this land has had about another €20,000 per acre spent on it.”