There will surely be considerable excitement around the auction of a brace of substantial-sized farm holdings on April 2 in the Castle Hotel in Macroom, the charming market town located 40 minutes from Cork city via the N22.
The two farms, together totalling 185 acres, are located in the general area of Macroom.
According to Macroom-based selling agent Killian Lynch, the interest in these farms is already such that both of them have received offers in excess of their asking prices.
The first property is a residential farm in the townland of Glantane West, approximately 8km from Macroom and 5km from Millstreet.
With a total acreage of 137 acres, it will be offered in two lots. Lot 1 consists of 134 acres; Lot 2 consists of the house, outbuildings and three acres; and Lot 3 is the entire 137-acre residential holding.
According to auctioneer Killian Lynch, the land quality here is mixed.
“It’s suitable for grazing and it was always a dry stock grazing farm, There’s also a slatted unit that has gone up only in recent years.”
The dwelling is a large (1,500sq ft) traditional two-storey farmhouse which is habitable but in need of modernisation.
Accommodation includes an entrance hall, living room, sitting room and kitchen on the ground floor. On the first floor, there are two separate landings leading to a bathroom and five bedrooms.
The additional farm buildings include three storage sheds, a four-bay slatted house (63x30ft), a 26-unit cubicle shed, an outdoor slurry tank, an enclosed concrete yard, and a three-bay round-top hay barn.
The farm comes with a couple of established income streams. There are 58.22 entitlements (further details available from the selling agents); and a telephone mast on the lands generates an index-linked annual income of €10,000, in a 15-year contract.
There is direct public road frontage on the northern boundary. Going by similar examples from the past, one would expect the house on three acres to be sold separately. There is always demand for old farmhouses on a few acres, and the location of this one is quite idyllic, in a cosy well-chosen site with attractive views of the surrounding West Cork countryside.
That said, the interest so far is for the entire holding, according to the selling agents.
The second holding is a non-residential property measuring about 47.8 acres in the townland of Moanflugh, about 10km north-west of Macroom and 10km from Millstreet.
It’s a little farther (45 minutes) from Cork City.
This holding is being offered in two lots. The lots are naturally divided, as the farm is presented in two separate blocks that are very close to one another.
Lot 1 consists of approximately 41.86 acres. Lot 2 is a 6.84-acre holding located just to the north of Lot 1.
Lot 3 is the entire property.
There is extensive road frontage on this holding and the land quality is mixed, according to the selling agent, but lending itself to a variety of farming enterprises.
The price guide for the 137-acre property at Glantane is €400,000 (€2,900/acre). It’s a reasonable expectation, with the lot divisions giving it potential to go higher. For the 47.8-acre property, the guide is €240,000 (€5,000/acre). Even though both already attracted offers in excess of their price guides, the plan is still to put both farms under the hammer in the Castle Hotel on April 2.