A 71-acre roadside farm in North Cork, which is listed with Mallow-based O’Connell Auctioneers, seems to have almost everything going for it.
The substantial property in the townland of Coolnahane enjoys road frontage, river frontage and some very good quality land in both pasture and tillage, according to selling agent John O’Connell.
The farm is divided by the N72 main Cork-Killarney road, which cuts through the property in an east-west direction. The pasture land is in a 16-acre block on the north side of the road, with further road frontage on its northern boundary onto the R576 (Mallow-Kanturk road).
This block also contains some good quality outbuildings and also contains the remains of the original residence and a courtyard surrounded by some old stone buildings in need of repair.
Across the road on the southern side lies the larger circa 55-acre portion which is under tillage. This part of the farm enjoys river frontage onto the meandering Blackwater that flows along its southern flanks and the associated fishing rights that go with it.
“There’s an awful lot of road frontage involved,” says John. “There’s about 15 acres under grass and the remainder is under grain and maize.
“It’s a good quality farm. The outbuildings there are extensive and offer accommodation for about 100 cattle, with slats. There are silage pits and cubicles houses too.”
The fishing rights offer some interesting options for the next owners. According to John, there are two good salmon pools along this stretch of the Blackwater River and the rights represent a potential income source from rental of this facility to anglers.
The quality of the land on this side of the road is, John says, locally renowned for growing different crops over the years, including beet. “It’s top quality land,” he says. The other portion, which is currently all in grass, “wouldn’t be as good as the land across the road but it’s good land nonetheless and it has been newly re-seeded.”
The old house and stone yard on the north side of the farm could, as John says, “be re-developed and possible by sold separately.” With ample road frontage on this section, it would lend itself to such a project at some point in the future, with its convenient access directly in off the main road. The house itself is an alluring dwelling – not the typical farmhouse but rather one with a style that is more likely to have been that of a landlord’s hunting/fishing lodge.
“It’s in need of extensive renovation,” says John, “It’s not a grandiose country house but it’s not a normal farmhouse either.”
The land is in a good central location of this zone where there are plenty of active farmers – mostly in dairying. Kanturk is 7.5km away while another strong local market town Banteer is 6km. Mallow is 14km from the farm and Killarney is 50km to the west.
“North Cork is a very good farming area,” says John, who notes a growing interest in the property, with a good deal of the enquiries coming from the Kerry side; something he attributes to the ongoing effect of the Kerry Co-op shares: “The Kerry Co-op shares are helping to keep the price of land up,” he says, “and an awful lot of people are afraid of Brexit and the effect it might have on the price of Kerry shares, so a lot of them are opting to cash in while they’re at a high level.”
The guide price is quoted as “in the region of €10,000/acre”, which seems conservative given the relatively buoyant nature of the dairying sector.
This convenient property of good quality land will make a strong addition to any holding and it’s no surprise to learn from the agent that enquiries so far are favouring the entire holding being sold as one rather than being split into lots.