Land close to the progressive town of Bandon is always going to sell well.
Whether the condition of the farm is top class, or the land is in need of attention, this is a prime farming area.
The hunger for such holdings is evident in the case of the latest offering from Clonakilty-based auctioneer Henry O’Leary.
The 27-acre residential farm in the townland of Meelin, which is just 3km from the centre of Bandon, is already under offer.
The residence in this case is a derelict house, but it still represents an opportunity for someone looking to live on a small holding close to the busy town.
“It’s an executor sale,” says Henry.
“The fact that it’s so close to town and that there’s an old farmhouse on it is what makes it such an interesting property,” he adds.
“Getting something so close to Bandon with that kind of acreage is extremely difficult.”
The land on this holding has been neglected for a number of years, but one needs only to look at the condition of the properties that surround it to see that it has the potential to become a high-class holding under the next owner.
Access to the land is excellent.
There is plenty of road frontage from the R602, which divides the property’s two lots.
Lot 1 is 18 acres and Lot 2 is 9 acres. This latter portion is the one that contains the old farmhouse.
The overall guide price is €200,000.
At a rate of €7,400 per acre, it’s well below that of the top quality land in the immediate area, but the property has already attracted offers that exceed the asking price.
Lot 1 currently has an offer of €150,000 (€8,300/acre), and Lot 2 has an offer of €80,000 (€8,900/acre).
“It’s only just gone on the market,” Henry says, “so it’s obviously a property that’s not going to hang around for too long.”
The Bridewell River runs through the 18-acre portion, and all the land is described as being “old pasture” in need of reclamation.
There are no entitlements with the farm.
The interest for this holding is coming from a wide variety of clients, according to the selling agents, who say that those viewing and looking for maps are coming from “every conceivable angle”.
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