It certainly isn’t every day of the week that a 183-acre farm in the Golden Vale comes onto the market and the interest that this holding will generate will be felt far and wide.
The property is located in the townland of Lodge, about 30km south of Limerick City, 20km west of Tipperary Town, and 4km north-east of Hospital, Co Limerick.
The farm is described as “outstanding” by the selling agents. The grazing lands are in just three large divisions, officially. However, the bulk is in just one division, and the farm also benefits from a great amount of roadside access.
It’s not a residential farm but there is a very substantial yard located in the south-east corner of the farm, with plenty of farm buildings and out-offices. These include accommodation for 500 head of cattle.
There is even more accommodation for a further 1,000 head, although this latter section of buildings is in need of some repair, according to the agents.
There are also calving pens and a 10-column hay barn with a lean-to, and the remains of a rotary milking parlour. Other facilities include three walled silage pits, an open slurry pit, two lagoons and a 1,276sq m industrial building with a pitched roof.
Finally, there is an office building that extends to 147sq m, with an industrial weighing scales beside it.
With the extensive road frontage, the farm lends itself to breaking into different lots.
Depending on the interest that develops over the coming weeks, it will be decided whether the farm will be sold as one or in separate lots.
According to joint selling agent Richard Ryan of GVM, the farm would lend itself to any farming enterprise.
“The farm was developed in the 1970s,” says Richard of the property. “Many of the buildings are gone a bit dilapidated. There are a lot of buildings going with it but many of them can be repaired if needed, they take up about 6-7 acres of the land altogether… Otherwise, the land is of very good quality.”
The farm has been used over the years for dairy, for growing grain (on the elevated south-facing portion of it), and most recently for dry stock. “The current owners bought in 1983, and they’re dry-stock farmers,” says Richard.
In terms of the interest it has generated so far, the agent says that there is a mixture of local and national-level enquiries.
Most of the interest, he says, is for the entire holding rather than for any particular portions of the farm. This is perhaps not so surprising, as there are many buyers around the country and particularly in Munster, who are awaiting the arrival of such a rare gem on the market.
As for the price, the guide is €2m. This translates as just under €11,000 per acre. For a rare large chunk of prime Golden Vale land with extensive road frontage, one gets the feeling that it could be a while before such an opportunity presents itself again.