Here, a 38-acre agricultural holding presents something of a curiosity property.
This historical part of the city is facing across the River Suir to Little Island — a triangular-shaped island connected to the mainland by ferry.
It is here that a monastic settlement was followed by Vikings and then Normans.
Today, its castle is occupied by tourists seeking accommodation and golfing.
The Gyles Quay property is on the north side of the Suir looking across towards Waterford Castle and Golf Resort and represents a sizeable piece of land in a scenic spot located close to a city centre.
“It’s a tillage farm at the moment,” says selling agent David Shee of Shee & Hawe in Carrick-on-Suir.
“You have some old farm outbuildings, and there’s an old residence with a preservation order.”
The dwelling isn’t habitable in its present state, but it does represent an opportunity for any future owner who would want to build a home on this land.
The bulk of the property — approximately 33 acres — forms a roughly regular rectangular block, whilst the remaining five acres are cut off by the Waterford-Rosslare railway line.
This latter section of the property is difficult to farm, but is described by the agent as “nice amenity ground”, with plenty of coastal frontage.
“The quality of the main block of land is good,” says David, pointing out that the access to this property is also very convenient, with plenty of road frontage.
The opportunity for a whole range of agricultural activity is very tempting, particularly having such a significant population centre practically on its doorstep, as well as an international port, airport and motorway system in close proximity.
It’s no surprise, therefore, to learn that there is currently an offer on the table and interest from a couple of parties in the farm, while the price guide is a very modest €350,000 (€9,200/acre).