Hugely desirable 35-acre farm draws instant interest

This Clonteadmore, Coachford farm went on the market before Christmas and one of its lots is already under offer.
Hugely desirable 35-acre farm draws instant interest

So says Daniel Lehane of Lehane Auctioneers who’s offering the residential farm for sale in five lots with an average guide price of €10,000 per acre for the land.

A 35-acre holding on the northern side of the mid-Cork village, there’s a sweetener here in that part of the holding is within the development boundary. Five years ago that could have meant crops of houses, but now it means non-qualifying buyers might get permission for a stand alone house, depending on the view of the local planner.

And by carving up the farm into bite-size pieces there’s the likelihood that it will draw a larger cohort of buyers, although the quality of land stands on it’s own.

A mix of tillage and pasture, but with the majority under stubble, the land is top quality, says Daniel Lehane, and has ‘massive’ road frontage, he says.

“I am sure it will be one of the most desirable farms to come on the market for 2013. We have circa 35 acres of excellent quality arable land at the edge of the town of Coachford. The land is guided at €10,000 per acre and already Lot 2 is making €70,000 at the moment. Interest is extremely good since the signs went up at Christmas with the main enquiries coming locally and as far in as Cork City. Some of the land is located in what was the town development boundary so there is strong hope value for the future.”

The farm comes with a nice, 1950s bungalow which is surrounded by mature gardens that run to a quarter acre — this is listed as Lot 1 and has a rough guide price on its own of €100,000, says Daniel Lehane, and it’s easy to separate the house out from the land, he says, so can be sold as one lot. It’s also within a few minutes walk of the village. The house is in very good condition, he says, offering three bedrooms and compact living accommodation with oil heating.

Lot 2, as already mentioned, comprises 7.5 acres and lots 3 and 4 are 26.8 acres and 0.5 acres respectively.

The entire holding is offered as Lot 5, guid priceed at €450,000 to €500,000 and it comes with all mains services included.

“The land quality here is exceptional and we’re looking forward to how this will unfold in the next week of two,” says Daniel Lehane.

This sale follows on the early December launch of another land sale at Coolacullig, Coachford, about four miles up the road, through joint agents, The Brady Group and Sherry FitzGerald Hinchion.

This particular farm is a dairy enterprise and comes with good buildings as well as offering 335,805 litres or 73,867 gallons of quota available by private treaty in four lots.

Interest has been strong, but no definite sale terms have been agreed, says Mike Brady of the Brady Group.

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