If trees are the new bank, then there will surely be people lining up to get a piece of an interesting bank of forestry that has just come onto the market in the townland of Garrane, about 5km east of Portmagee, Co Kerry.
The famous village on the Iveragh Peninsula is known as the departure point for the short drive over the Maurice O’Neill Memorial Bridge to Valentia Island.
The village itself (whose name in Irish means literally “crossing point”) is named after legendary 18th-century smuggler Captain Theobald Magee, but today is more associated with tourism than the Europe-wide smuggling operation its namesake ran.
The land in question here is all in one block, and consists of a 35.5-acre portion of upland territory with stunning views of the narrow sound between the mainland and Valentia Island, as well as of the island itself and of the higher peaks of the Dingle Peninsula off to the north.
The property is all in forestry, planted in 2011. According to selling agent Tadgh Gallivan of Killarney-based Property Partners Gallivan, this holding currently brings in an annual premium of €6,148.17. The fifth payment was in 2015, and there are 15 payments left to be reaped.
Most of the land (32 acres) is planted with Sitka spruce and the land is all enclosed, according to the agents.
The asking price for this piece of money-yielding elevated chunk of Co Kerry is €145,000.
At €4,100 per acre, that’s certainly reasonable for forestry land nowadays.
There is also commonage consisting of a one-half share of 20 acres and a one-sixth share of 118 acres (a net area of some 29.97 acres) and turbary rights to 18 acres.
“All the land was part of a SFP application and payment in 2008,” says Tadgh.
“Therefore, entitlements can be drawn on this, and it may qualify young farmers for entitlements from the national reserve.”
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