106-acre residential farm guided at €10,000-€12,000/acre
A large self-sustaining farm is currently for sale in North Cork, listed with Clonakilty-based auctioneers Hodnett Forde Property Services.
The 106-acre residential farm is located in the townland of Cornahinch, just 1km from the village of Doneraile, and approximately 10km from the town of Mallow.
According to selling agent Ernest Forde, this farm is already drawing a great deal of interest.
“It’s all in grass,” says Ernest, “good limestone land and with no waste. The farm buildings are reasonably okay. The slatted house is good, and there have been new slats put in there recently, so it’s a good house that will take a hundred cattle.”
The remainder of the sheds are in need of some refurbishment but are in overall useful condition.
The outbuildings include the aforementioned slatted house, a three-bay lock-up shed, a four-bay covered silage pit, double lean-to, and a selection of stone buildings.
The main farmhouse isn’t being sold with the farm, but there is an older residence in sound condition and in need of renovation. For anyone looking for the ready-to-go self-sustaining unit, this will prove a useful addition, either to use as a main residence or as a worker’s living accommodation. It’s a single-storey dwelling that hasn’t been lived in for a number of years.
“It could be put back into use easily enough if someone wanted to do it.”
This is a beef farm of some repute, that has been producing beef for a long number of years, according to the selling agent. “It would be renowned fattening land,” says Ernest, “and good tillage land too.
“In fact, it would be suitable for anything really, such is the quality of it.”
The immediate area is a vibrant agricultural community that has a broad mixture of activity types without any one sector dominating.
These include dairying, beef cattle, tillage and equestrian interests, all active within a short distance of where this farm is located.
The horse-breeding industry here goes back centuries; it’s close to where the original steeplechase took place in 1752, between the church steeples of Buttevant and Doneraile.
Another tradition associated with this part of Munster is the co-op movement, which started in Doneraile in 1889.
Land prices in North Cork have been performing quite strongly over the last year or so, with the going rate for good land somewhere around €11,000 or €12,000 per acre.
This farm is also being pitched in line with that trend; the agents have a price guide of €10,000-12,000 per acre.
The current owner of the farm is looking to sell and purchase another farm closer to his home base. It’s being left in very good stead as a working unit and this makes it something of a rarity, particularly given the size of the farm.
There are therefore no entitlements being sold with the property.
It does have a great amount of road frontage, with virtually the entire length of its north-eastern boundary consisting of good road frontage.
“Land prices have been getting strong in North Cork recently,” says Ernest.
“I think that there’s a good influence coming to bear on this area with regard to demand, because a lot of larger blocks in the South Tipperary and Fermoy areas are getting very dear, because of the amount of it that Coolmore Stud are buying up.
“I think that’s spreading down a little bit.”
The commute to Cork from here is just 35 minutes.
This rare example of a large holding of good-quality land is probably more likely to achieve a price per acre closer to €12,000 than to €10,000.
