By Conor Power
€6,400/acre sought at auction of 86-acre south Tipp farm
Auction results of properties from the fertile sweep of agricultural land of south Tipperary have been very strong of late. These have included a residential 21-acre farm just north of Clonmel selling for €525,000 last November, and a large 130-acre farm near Golden that was purchased at auction for almost €17,000/acre last September.
An 86-acre residential farm near Cahir is next up on the podium. While it may not reach the dizzy heights set by the previously-mentioned holdings, good land in south Tipperary will still set some pulses racing, with current market conditions still fairly conducive to dairy farmers extending their holdings.
The property in question is located in the townland of Moonaloughra, just 1km from the village of Burncourt, 14km south of Cahir and 15km north of Mitchelstown. The M8 motorway passes just to the north of the property, giving good access to this holding.
The famous Burncourt Castle is nearby, to the west. This 17th-century monument — famously burned by Cromwellian forces and giving its name to the village — is on the banks of the River Tar, which also forms part of the southern boundary of the 86-acre farm.
The auction date is set for Wednesday, March 21, at 3pm in the Kilcoran Lodge Hotel on the former main Cork-Dublin road.
The man with the gavel will be Gorey-based auctioneer David Quinn of Quinn Property.
“It’s all in grass,” says Mr Quinn, “about 4km from the old Cahir-Mitchelstown road. It has a driveway from the public road which is about 200-300 metres long.
“It’s generally good quality land. About half of it is free-draining excellent land, and overall, there are about 10 acres that could do with a bit of renovation and improvement.”
It is, therefore, a property of good quality with some potential to become an exceptional holding. The lands near the house are of higher quality, and suited to most agricultural activities, while the lands at the southern end are heavier in nature, according to the selling agents.
The dwelling on the farm is a large two-storey traditional farmhouse. This has been unoccupied for 15 to 20 years, according to the agent, and needs significant renovation and improvement. What it certainly isn’t lacking in, is character, and both it and its immediate curtilage have been well maintained.
Its accommodation of about 3,000 square feet consists of an entrance hall (2.9m x 2.5m), inner hall (1.9m x 1.5m), sitting room (4.8m x 4.8m), kitchen (4.7m x 4.1m), utility room (3m x 3.05m), storage room (4.8m x 2.85m) and bedroom (4.9m x 3.2m) downstairs. On the first floor, a landing area leads to another three bedrooms.
To the side and rear of the house is a range of traditional and more modern outbuildings.
These include a round-roof covered silage pit (45’x25’), a three-span cubicle shed (45’x20’) incorporating 26 cubicles, and three large traditional outbuildings.
In addition, the range of open concrete yards include some penning areas and a cattle crush.
The level of enquiries appears to be quiet strong so far, this far ahead of the auction date.
“We’re guiding at €500,000 to €550,00 [€6,400/acre], and we expect that we should have good interest in it at that level. We have it on the market at a price that we feel it can sell at and, hopefully, we can go on from there.”
It’s a level that should surely invite a good deal of bidding.
The fact that it lacks road frontage and that some of the land is in need of drainage are negatives, but a large block of land in south Tipperary doesn’t come up too often, and this one should see a strong turnout on the day.