€8,500 per acre sought for 95-acre Co Cork farm

There should be a lot of interest in a farm that’s brand new to the market with Macroom-based auctioneers Sherry Fitzgerald Hinchion.

The 95-acre holding is in a very attractive location in the townland of Ummera, near the town of Macroom.

“It’s a great location,” says selling agent John Hinchion, “just on the outskirts of Macroom.”

Not far from this site, a record price of €18,500 per acre was achieved in November, 2015, in the private treaty sale of a 49-acre residential farm in the townland of Dromatimore, near Coachford.

As a rule, demand for land has been high in this area. There is a strong tradition of progressive farming here, particularly dairying.

The area is perfectly situated between the busy market towns of North and West Cork, as well as being close to Cork city, via an impressive road network.

Thus, when the rarity of a large holding such as this one comes onto the market, it can be safely assumed that a good number of interested parties are waiting in the wings — or in the fast growing spring grass of the many strong dairy holdings around here.

This particular farm boasts plenty of good quality land, most of it is in pasture but there are some ploughed fields too. Although it has been rented for some years, it has been well maintained, according to John, who says that part of it underwent re-seeding recently.

“Through and through, there’s very little waste on this land,” says John. “I would say that they’re using pretty much 99% of the total acreage.

The land is on the eastern perimeter of Macroom, with direct roadside access from the Coachford and Rusheen roads. “The land was let, and the last tenant had it for about four years or so. It was a local farmer. He grazed it and he also grew some crops on it.

“He farmed it well and left it in good order, having reseeded part of it.”

The land is free-draining too, with the famous Lee Valley almost within a stone’s throw of the farm.

There is no dwelling with the property, but there are some outbuildings. These include a milking parlour.

According to John, these latter facilities are usable but are in need of modernising.

“They would need upgrading,” says John. “They were used by the last tenant, but they would need to be brought up to standard by the next owner.”

The property holds potential for further improvement, which can often work in favour of a farm being sold, once pitched at the right price.

In this case, the asking price is currently set at €810,000. At €8,500 per acre, it’s a conservative pitch that will invite plenty of bids.

“We would be expecting it to make that level definitely,” says John, who notes that even though there has been a noticeable pick-up in fortunes of the dairying sector over the last six or nine months, and there has been a shortage of sizeable farms for sale in Munster of late, it’s still some way short of being a boom-time for the farming industry .

In terms of the reaction to this particular holding, it’s very early days to get an accurate feel for the interest out there just yet.

According to the selling agent, there have been a number of enquiries so far, predominantly from local sources.


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