A 95-acre farm for sale near Limerick City with Newcastle West-based auctioneer Tom Ruddle comes from a fascinating history that has been entwined with British rule in Ireland and horse-racing in equal measure.
The property stands at Crecora, next to Limerick Racecourse and was formerly part of the Greenmount Estate; once in the property of successive Lord Lieutenants of Ireland.
The last owner with a British feudal title was William Stanhope (aka Lord Harrington) who died a decade ago and, after a career of elite private schooling in England and service in the British army, became an enthusiastic champion of the Irish equestrian world.
Today, the former property of the Earl consists of what the selling agents describe as an outstanding residential holding of excellent quality fattening lands in a much sought after location. It is an expansive piece of pastureland containing two dwellings and a range of outbuildings — all within approximately 10km of Limerick City Centre and 12km from the stunningly picturesque village of Adare.
“It’s right next to the racecourse in Limerick,” says selling agent Tom Ruddle, who points out that what is on offer is a 95-acre residential holding but that there is also the option to bid for an additional 5 acres which would include the main house as well.
This latter feature is located on the north-western corner of the farm — the point that is closest to the racecourse. Just to the north of the lands lies the M20, forming part of a substantial ring road system around Limerick city and which gives ease of access for anyone thinking of investing in this property as an outside farm.
Such a move could work well for the next owners as this farm has been let successfully, maintaining a proven track record of bringing in a good deal of rental income between the land, the outbuildings and the two dwellings.
The first of the dwellings is a four-bedroom bungalow. It’s located close to the public road and in good condition overall. It has good rental ability, with its proximity to both Limerick City and to the M20 motorway.
The cottage is a two-bedroom property which is also close to the public road for ease of access and could be used as either a regular or a holiday rental property.
The range of outbuildings going with the holding is very impressive too, with everything that one would need for the establishment of an equestrian centre, including great training and housing facilities. Again, the location makes for ease of access should the next owner wish to use it as such.
However, the quality of land on offer is more than sufficiently strong to interest a number of parties involved in various sectors of agriculture, according to the selling agents.
“It would be suitable for a number of farming enterprises,” says Tom. “Although it’s been set up for horses, it could be used for beef cattle or dairying or just about anything with such top-quality land.”
Overall, this is a property which will be much sought-after in the coming weeks and months. The guide of €1,350,000 (€14,200/acre) is a reasonable expectation for such a large and high-quality holding in such a convenient location.
The package is an attractive one with a combination of factors to catch the eye of a variety of different interested parties: from those who might like to take it as it is and live on their own equestrian centre to those who are looking for an extension to a dairying operation and might be very tempted by the regular rental income. There are some entitlements too and further details can be obtained from the selling agents.