Situated just 1km north of the small hamlet of Kilbane and about equidistant (5km) from the villages of Broadford and Bridgetown, a 54-acre holding in south-east Co Clare represents very good value for a substantial parcel of ground that can be put to multiple uses.
According to selling agent James Lee (of John Lee & Sons REA Auctioneers, from over the nearby Tipperary border), this is a farm with strong grazing qualities that belie its upland position.
“I suppose it’s an upland farm bordering forestry plantations, but it’s quite good, and it’s presently all in grass,” says James, who points out that a lot of the land is used for cutting silage, although it’s currently being used for dry cattle.
“It’s better than your regular run-of-the-mill mountainside.”
It helps that the farm is south-facing and free draining, and, apart from a small section in the south-eastern corner that’s in need of re-working, it’s a well-tended holding.
Access is via a minor public roadway and there is a good water supply on the property, according to the agent.
“There’s a stream running through all of it,” says James.
For any farmer looking to set up a profitable holding or to expand, it represents an interesting opportunity.
The large markets of the greater Limerick area are very close by, via the M7 (about 15km away to the east).
The southern Lough Derg zone is also nearby, with its twin towns of Killaloe and Ballina, and attractive lakeside villages providing an expanding and important tourist hub as well as an important area of general economic growth.
The dearth of chances to buy more land in the area means that an appetite for such a holding seems to have been building, according to the selling agent:
“There’s good interest locally,” says James. “Land wouldn’t come up around the area that often.”
As for the price, the auctioneers say that the expectation is in the region of €5,000 per acre.
The Golden Vale, it is not, but all things considered, it would seem to represent strong value for money in an era where some forestry land is achieving prices that are not much lower.
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