Three bids for Lisselan farm
Part of the Lisselan Estate, seat of the Blackburn family, this 210-acre dairy farm hit the market in the spring, and is under offer at nigh on the €3m mark.
Estate agent Niall Cahalane, of Cahalane Skuse, is playing his cards close to his chest, and won’t give an indication of who the bidders are.
It’s rumoured that the owners of a well-known local food company are in the fray.
Viewers from throughout Ireland have come to see the farm, attracted by its size and its functioning, ready-to-go dairy operation.
Now, however, it looks like interest is consolidated more locally, with three qualified bids on the table, and the highest of those is close enough to €3m, but shy of the €3.5m asked.
However, €3m would be a healthy €14,285 per acre, a sum well above market levels at the moment — until you take the buildings into account, and the 158,000 gallons of milk quota.
* Meanwhile, the 276-acre Glencastle House farm, on the Waterford-Tipperary border at Kilsheelan, including one of the oldest farm residences in the south, has been taken off the market for the moment.
According to Richard Collins, of Collins O’Meara, (joint agent with John Shelley of Shelley and Purcell), the property is now let, and it will be relaunched again after the harvest.
The tillage and grazing farm, which bounds the Suir and has valuable fishing rights, was withdrawn from auction in early March, having reached €2.63m in bids. It was originally pitched at €3.25m.
