Cashel Marts in South Tipperary presided over some of the best sales in Munster this year, including 75 acres at Thurlesbeg, Cashel, auctioned for nearly €21,000/acre, and in June, a 92-acre non-residential farm near Cahir auctioned for over €23,000 per acre.
The company now offers three separate parcels of land in a grand public auction at 2.30pm on Wednesday, November 7. Alison De Vere Hunt of Cashel Marts says they will hold a public auction every week in November, starting with this one.
“It’s still a buoyant time for selling property,” says Alison.
“I thought we’d be slowing down but it seems to be getting into fifth gear now. Because it has been such a good year. even looking at the price that farm in Laois made the other day of over €18,000 an acre, big values are starting to spread their wings.
“These pieces of land aren’t large but they’re all good parcels. We haven’t done this kind of auction [of multiple holdings] before and it will be a good test for the market.”
The first of the three is 13 acres in grass in the townland of Hughes Lot East, Cashel, prime agricultural land with a section of it zoned, according to Alison: “It’s less than a kilometre from the town of Cashel and there are 4.2 acres zoned Phase 2 Residential, the remaining 8.9 acres is of purely agricultural value. It’s a fine piece of ground in close proximity to the town.”
The second lot is 13 acres in tillage at Templenoe, about 5.5km from Cashel. “This is an exceptional piece of ground,” says Alison. “It’s in a lovely position too with fantastic views of the Golden Vale.”
There are entitlements, details of which can be obtained from the selling agents, and road frontage of 320 metres, with direct access to two public roads. Selling at agricultural value, it however had planning permission granted in the past for a house.
The third property is 22.5 acres at Garrenlea, near New Inn. “It’s down a cul-de-sac about 10km from Cashel and 13km from Cahir,” says Alison. “It’s a great piece of ground, in two fields, all grass.”
The guide price for all three parcels of land is €17,000 per acre, which a number of farms of good quality have achieved recently in part of the Golden Vale.
As a general rule, smaller holdings tend to achieve a higher price per acre, so the guide could turn out to be very conservative.