Agents Twomey Crowley of Bandon were inundated with enquiries when the 52 acre holding was put up for sale as part of the estate of the late builder, Michael Hourihan.
Now the short, sharp shock treatment is in order for the land, which is situated in one of the most exclusive areas of South Cork.
A couple of miles from Kinsale, this coastal zone is strictly policed by planners, yet everyone wants to live here, with the result that prices sky-rocket.
An estate of houses at Ardkilly, built by one of the owners of this land, adjoins the property, and they fetch very close to €1 million each. In fact, one is on the market at the moment at €950,000.
Compare that to the guide price of €1.5 million for the Ardkilly farm land, and you get some idea of why interest is so feverish.
The auction is on Wednesday, March 28 in the Trident Hotel. The guide is close to the price paid last year for Sandycove Island, an 18 acre “full stop” in the bay, which was bought by a solicitor in trust for a Dublin buyer.
A good quality farm, the Ardkilly property has magnificent sea views and has a high and dry position with good road frontage.
A working farm, it’s under pasture, paddocked and with water laid out, and the sale includes a modern farmyard.
The bulk of the land is in one block and overlooks Sandycove Harbour and its island.
The planning permission issue is going to be big with this land sale, and it’s believed that there may have been a positive response to an uncompleted planning application by the landowner.
A new applicant would have that hurdle to overcome, but bona fide farmers might have a case for a primary residence on the land.
But, ‘you pays your money and you takes your chances’ in an auction, and anyone buying at this level will probably have already done their homework.
A 50 acre parcel makes up the main block, with the second lot a two acre block accessed via the farmyard and a cul-de-sac road.
The property will be offered in these lots on the day, and in the entire.
Paddy Crowley and John Twomey are the selling agents for the property and maps and contracts are available from their Bandon office.