Buyers and sellers seem to be happy enough to transact in and around the present staple of €10,000 per acre — with top quality land staying at around €12,000 per acre.
As an example, there’s a very large east Cork arable holding, a substantial 152 acres at Kilrush, Mogeely, currently available through auctioneer Christy Buckley, and in the nature of these things, economy of scale means the guide price given is €1.52 million, or €10,000 per acre.
Good quality farmland that would suit any farming activity, the land comes as more or less a pure land sale, but with two large barns and a range of lean-tos in very good condition.
Leased out for the last five years, the property is being offered in the entire as the owners have now decided to sell.
That being said, Christy Buckley says he is open to discussion on lots, but feels a sale in the entire would be preferable.
The land is all in one block, in 12 fields, level and fertile for the most part (some rougher areas would respond to attention), but it’s generally a top-quality farm, says Buckley, and has been used for grain, potatoes and pasture in the past while.
The property comes with good road frontage. Its location is also superb, only a mile from Mogeely village and close to Midleton town and Cork city.
Land of this size and quality is a rare enough offering in east Cork; it remains to be seen how bullish the market will be in this autumn sale.
* The same agent is selling another top-class property further north in Co Cork, at Ballygiblin, Cecilstown, Mallow, where the property is a limestone-based holding of 82 acres, formerly the home farm of the Ballygiblin House period residence.
Ballygiblin House is now in a ruinous condition, but was a Georgian structure with a 19th century neo-Gothic makeover by owners, the Wrixon-Becher family, which included a fairytale tower, part of which remains.
According to Tarquin Blake’s website, Abandoned Ireland, the Wrixon-Becher family lived at Ballygiblin until 1935, when the house and its estate was sold to Jack Lombard, who ran a successful racing and training stable there until 1955, when Ballygiblin House was sold to a Captain Hornsby. According to Blake, he removed the roof and abandoned the house in 1960, to avoid property taxes.
The old farm courtyard, with its acre of walled garden, was converted to residential use and the tradition of horse breeding and training continued on the lands.
The 82 acres now for sale are part of the original demesne, and are offered in the entire.
The residence is part of an attractive courtyard of cut-stone and slate buildings bounded by the large walled garden, in a disused state.
Large modern sheds surround the old courtyard, and they include equestrian facilities such as a horse-walker and lunging ring, plus a comprehensive range of cattle sheds.
There are 40 stables, a four-column silage shed with 2 lean-tos, and a large slatted unit.
Top-quality land, it has been used for cattle and horses in the past.
The property is an excellent arable farm, according to Christy Buckley, who quotes a strong €12,500 per acre guide for this historic and well-known property.