Strong interest and offers in this 40-acre East Cork holding
The East Cork village of Dungourney is well located both in terms of residential land and agricultural land.
The proximity of Cork city (less than 30km away) means the village is close to important markets while very much in a rural heartland.
The land in this part of Munster is characterised by fertile deep soil in low-lying productive tracts that support strong dairying and dry cattle sectors.
Cork City-based auctioneers Coldwell Banker currently offer for sale a 40-acre non-residential holding on the edge of Dungourney. The level of interest in it so far is a clear indication of how good quality blocks of land continue to elicit activity in the land market in spite of Covid-19 crisis constraints.
The holding for sale is in the townland of Rathcanning, just 800m to the north from Dungourney.
Tallow, over the border in Co Waterford, is 15km to the north, while the large commuter town of Midleton is just 10km to the southwest.
According to selling agent Gerard O’Callaghan, there is strong interest in the property, with a lot of enquiries from outside the locality.
“It’s all very good land there,” says Gerard.
This property is located close to the village and it’s set off the road, approximately 300 or 400m, via a right-of-way passageway.
The well-drained lands slope down towards the Womanagh River, with a small section of rougher ground at the lower reaches.
“There are roughly 30 acres of it that I would call very good land,” says Gerard. “It’s free-draining and of very good quality and then you’ve a steep slope going down to the river and that’s really only suitable for forestry. That section is in scrub at the moment.
“This property went on the market just before the coronavirus crisis hit. There are offers on it, but we’re still somewhat short of where we need to get to.”
The asking price for the holding is €225,000, representing a very reasonable €5,600/acre.
