60 acres inside Limerick’s future ring road for auction

After the successful public auction in recent months of holdings in the Adare area (a farm last month at Shanaclough, for example, achieved over €15k/acre), Limerick-based auctioneer Tom Crosse of GVM is now eyeing November 7 for the public sale of a 60-acre non-residential holding near the village of Meelick in Co Clare.

60 acres inside Limerick’s future ring road for auction

As with most GVM auctions, the event will take place at the company’s offices at the Limerick City Auction Room on Glentworth St, unless the farm is previously sold.

It is located in the townland of Gortgarraun, which is in the raised farmland overlooking Limerick City, not far from the motorway system running northwest towards Galway.

Limerick city centre is approximately 6km away to the southeast, while Shannon is 18km up the dual carriageway, and Cratloe village is 9km from here.

According to Tom, this farm represents a “prime roadside holding” that features extensive road frontage, making it a highly accessible and ready-to-use property that will surely be of interest to a good number of potential clients, not only neighbours but extending over a wide geographical zone, most likely concentrated in the rural belt that surrounds Limerick City.

“It’s all in permanent pasture,” says Tom, who adds that the land overall could be classified as being “reasonably good”. This is to say that it’s very good land which, with a bit of loving tender care, could be brought up to a very high standard. The farm has been let for a number of years; while it’s still in good condition, it needs a bit of investment of time and effort to bring it up to its best.

“There aren’t any outbuildings going with it, as such,” says Tom.

It’s very close to both Ballycannon and Meelick villages [2km and 3km respectively] and it has extensive road frontage.

The property has ample direct access onto two public roads.

The agricultural land value aside, this is a property that would have some site potential, given its proximity to Meelick and Ballycannon.

All the amenities of the villages are within walking distance of the farm and there are panoramic views over Limerick from a number of points on the holding.

“It has loads of site potential,” says Tom, who adds that the interest in the property so far has been strong, with a good mixture of enquiries both locally and from farther afield.

There is further development potential, in the plans to build a Northern Ring Distributor Road over the coming years. The precise route that this ring road will follow has been finalised, and this land will lie within the ring.

Its arrival is going to open up this side of Limerick City for residential development.

In this regard, Meelick and Ballycannon are primed for major expansion, very likely taking in this holding.

All of that is for another day, however, and for now, what is on sale at 3pm on November 7 is a quality agricultural holding with site potential. The guideline is at €450,000. At just €7,500 per acre, this would appear to be a very reasonable guideline, and one that should be exceeded on the day.

Even though the land needs some upgrading to bring it to its best, it is still a quality holding of grassland very close to one of Ireland’s busiest conurbations. Add on the longer-term development potential, and you should have a good turnout for the auction.

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