36-acre farm near Midleton expected to make €15k an acre
The 36-acre farm is located at Balyspillane East, Midleton, Co Cork
Located 4.5km to the northeast of the thriving market town of Midleton, a 36-acre farm is for sale with Midleton-based auctioneer David Keane and at the stage of receiving final offers.
“It’s a very nice parcel of land,” Mr Keane said of the holding located in the townland of Ballyspillane East.
“It’s all in grass and suitable for all types of farming. There are outbuildings too, including a three-column hay shed.”
The farm is well laid out too, all in one unit and divided into paddocks. Farm land has been selling extremely well in this part of Munster in recent years, so it is no surprise to learn that the price expectation is at €15,000 per acre.
According to Mr Keane, the bidding is close to this and expectations appear to be well-founded.
“It’s nearly making €14,000 already, and we’re expecting that it will make €15,000 per acre. It’s good value at that really because it’s a very piece of ground,” he said.
There are entitlements with the property and further details of these can be obtained from the selling agents. In the current market, the existence of entitlements or not makes less difference to the demand than it used to.
In this case, the land quality and the fact that there are plenty of active dairy farmers nearby are the vital issues.
