76-acre farm at Dunmanway sells for €875k

IT was to have gone to auction, but this week, a 76-acre farm at Girlough, Dunmanway, sold by private treaty for €875,000.

The property was bought in trust by an agricultural consultant, for €11,500 per acre — marginally below the bullish guide price of €12,000 per acre.

The quality of the land took the sale above the average — however, there is a road frontage deficit. According to auctioneer Tom Brady, it’s exceptional land, and was bid up by three until bought in trust through John Crowley of Bandon.

The purchaser is believed to be a local dairy farmer, who would have no problem accessing the land.

A residential property, it is close to Carbery Milk Products at Ballineen, Co Cork, and is in a single block. According to Brady, the farm’s paddocks have been newly seeded and are managed to a high standard and the sale includes a farmyard with a slatted house, a six-unit milking parlour, two roofed silos and other buildings.

The traditional farmhouse has been well maintained, and the farm is bounded on the north by the Bandon river, has a roadway bisecting it from north to south, and is sheltered by the Manch Estate woodland.