Holding could be perfect for the long-term investor

LOCATED on a height on the approach to Macroom town, this farm at Sleaveen East could be a long-term punt for investors.

On the town boundary, it could be rezoned at some stage, says Tom Heffernan of Sherry FitzGerald Henchion, but with a countrywide distaste for anything to do with rezoning at the moment, that’s not going to be a major selling point.

However, for a farmer looking to expand, it could be something to bear in mind, as the 55-acre farm could be worth the investment over a long period, and not just for its productivity.

However, it’s being sold at agricultural land values and is guide priced at €410,000.

It comes with 10 hectares, or 25 acres, under forestry.

Located on a hilltop, it’s nevertheless level enough at its peak, says Heffernan, and is used for grazing horses at present. The land is in good condition, he says, with 30 acres of quality grazing, and there’s easy access from the Inchigeela road.

He suggests that the property, which has stunning views over the Lee, the lakes and the Gearagh, could be bought as a private estate, as an investment considering the forestry, or with an eye on development, be that single sites or the long-term benefits of the land being on the town boundary.