September land sale eagerly anticipated
In the case of this substantial Glounaglough, Rylane, Co Cork, farm, it’s likely that the buyer(s) are in the wings already, because the property is an executor’s sale, and it would be fairly well known locally that it would be coming up.
A 109-acre residential farm, it’s to be auctioned in the entire on Friday, September 19, at 3pm, through John and Michael Hinchion of Sherry FitzGerald Hinchion, Macroom, in the Castle Hotel, Macroom.
The farm has been very well maintained, says Michael Hinchion, adding that it was never leased by its deceased owner and was consistently invested in and upgraded by him.
In one large block and a small adjoining block, it has excellent road frontage.
It has 70 acres of top quality ground which would have been tilled in its day, and the rest is good grazing, says Michael Hinchion, with less than three acres of heavy ground which has little agricultural value.
The farm includes a substantial and good quality farmhouse which was built in the ‘60s and is in good condition, says Hinchion, with three bedrooms and a range of living rooms.
As the farm is in the heart of an intensive dairying area, the agent expects a lot of interest. “One hundred and nine acres is a fairly big holding and it would be of interest not only to neighbours but to someone coming in from scratch,” says Michael Hinchion.
“We only put the signs up at the weekend, but people know it’s coming on. We’re quoting €7,500 an acre.”
The total pre-auction guide price for the farm based on the per-acre figure quoted is €817,500, which is low by average standards for land not too far from Cork city.
The guide perhaps reflects that there are few modern buildings with the farm, and the mixed nature of the land.
There are old-style out-buildings, but no modern cattle sheds or mechanisation.
The farm was utilised in a less intensive fashion, it appears, and could be even more productive with an intensive approach.
Although in two blocks, making road frontage excellent, it is being sold in one lot, says Michael Hinchion — so it will be a very straightforward auction.
A busy auction too, considering the proximity to Cork city and the accessibility of the property, close to the Cork-Mallow road (where the 176-acre Applebe farm at Dawstown, Blarney will go to auction on August 20.
