Kerry farm auctions are a weekly event for Tom Spillane at the moment and he has now announced the forthcoming auction of another two farm properties — with a total of almost a thousand acres between the two.
And in the meantime, the agent had a positive result last Friday when he disposed of a residential farm property near Killarney, a holding with proven gravel deposits, at auction.
The farm at Ardaneanig, on the Rathmore/ Mallow road, included a main residence and 41 acres and was given a pre-auction guide of €400,000.
It opened at €300,000 on the day and was slow to start: the property was withdrawn for a while, came back and was taken up to €410,000 by two bidders, one of whom was an auctioneer acting in trust.
There were no further bids at that stage and the property was withdrawn again, but negotiations continued afterwards and this time, it sold.
“I’m happy to say that following negotiations after the sale the property was sold for a sum in excess of €450,000,” said Spillane, “and it was purchased in trust by a local auctioneer”.
The agent didn’t know the identity of the buyer, he said, but it’s likely to have been a commercial, rather than farming buy, he surmised.
Meanwhile, Tom Spillane has also announced the sale of two Black Valley farms, with an auction date for both set for Apr 12.
And in a week where remarks about ‘the old sod’ and of the Irish pandering to American sentiment have caused controversy, what odds these two properties will draw an overseas buyer hankering for a slice of home?
It’s not often the market allows a punt on a large proportion of Beauty’s Home, but in this instance, the properties for sale are in the landmark, Black Valley.
The last place in Ireland to be electrified, this out of the way route through the McGillicuddy Reeks is beloved of hill-walkers and tourist who prefer an alternative to the congested, Ring of Kerry roads.
The lands at the Gap of Dunloe, include part of the McGillicuddy Reeks and two or three lakes.
The larger of the two farms, Derrycarna, Black Valley, comes with a fine, extended farmhouse, which, while it’s in bad repair, would convert to a handsome home, or even, B&B. Getting a house in this environmentally significant area is a bonus and one that maybe won’t be lost on non-local buyers.
The land stretches from the Gearhameen River to the top of the Reek, says Tom Spillane, and he gives a guide of €500 per acre for the 704 acre farm, which also includes one undivided right to 628 acres of commonage.
An executor’s sale, the agent expects good local interest in the land as well as national and oversees buyers because of the location. The total guide price for the Derrycarna farm is in the region of €350,000.
Another separate holding, but also in the Black Valley is the 282-acre Dunloe Upper slice of mountain and valley and which skirts two lakes: the property also has frontage onto the Gap of Dunloe road and is a kilometre to Kate Kearney’s Cottage.
The land is strictly for sheep grazing and wouldn’t be as easy to farm as the former, but the agent expects interest from locals.
“It would be more difficult to farm but would be good for any farmer looking at map acres for any future changes to farming,” says Tom Spillane.
The Dunloe holding also comes with grazing rights to over 560 acres and again, is in a spectacular location a kilometre north of Kate Kearney’s Cottage.
It’s guide is less than the €500 quoted for Derrycarna and according to Tom Spillane, he’ll see where the market leads on that sale.
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