Limerick farm sold for accumulated sum of over €3.8m

Overview of the house and farmyard of the 220-acre farm for auction at Gortmore, Feenagh, Co. Limerick. 

A 220-acre farm in Co Limerick has been sold for an accumulated sum of over €3.8m.

Located in the townland of Gortmore, in the village of Feenagh, the property sold for an accumulated sum of €3,820,000 - or €17,363 per acre.

The 187ac portion of the dairy farm sold at auction for €2.62m - or over €14,000/ac at the Charleville Park Hotel.

The property was originally part of a 220ac holding, but the farmhouse and 33 acres was sold privately prior to the auction.

Brought to the market by auctioneer Pat Dooley, it had been expected the property could fetch €3.5m at an auction.

Even before its launch, interest had been building in the property, which was advertised as having future development potential as the acres are located around the village of Feenagh.

The 220-acre farm was described as “one of the best farms” that has come up in the Mid-West region “for some time”, by the group director of REA Dooley Group.

The farm building itself consist of a three-column hay barn, cubicle shed, storage shed, as well as an old ancillary outbuildings.

Meanwhile, the four-bedroom two-storey residence has a traditional farmhouse style, which is in need of modernisation.

Mr Dooley highlighted the land’s excellent location in the village of Feenagh and its future development potential. There is extensive road frontage on two adjoining roads.

The auctioneer, Pat Dooley, said there is “good scope for future development with ample road frontage for one-off houses”.