Kinsale 50-acre farm sale
The land, which is without a whit of waste, is prime agricultural raw material, says its selling agent, Joe McCarthy of Irish and European, who will take this rare farm sale to auction in early October.
It has one of the best locations in proximity to the town and, while zoned agricultural, its views and position could see it purchased as part of a proto-estate.
And that could mean an international buyer, of whom there has been a trickle this year, no doubt buoyed up by the fall in Kinsale property prices, which has been in the order of 60% in some instances, according to a local practitioner.
Running up to the Dock in Castlepark and overlooking the sea, but not quite reaching it, this block of land presents an intriguing prospect for buyers. It is some of the best tillage land in the country, and will attract local farmers.
The lack of shore frontage could put off the residential or investment buyer, but there is the planning permission possibility of one house on the site for an owner who will work the land, or a key worker in the locality, or someone with special needs.
The guide price prior to auction is between €13,000 and €15,000 per acre and it must have been heartening for the vendors, a well-known Kinsale family, to see the Hangman’s Point land make in excess of its guide last month.
A benchmark for prime Kinsale tillage land has been set with this sale, which registered €265,000 for 20 acres, the equivalent of €13,250 per acre. The Castlepark farm, however, is much closer to Kinsale, and there’s only just 50 acres available, unlike the bumper 500-acre offering at Hangman’s Point, which was accumulated for a failed tourism development. The Castlepark auction is on October 12.
