Quality 170-acre farm guiding at €10,000 an acre

The most concrete sign of the quality of this land at Carrigcastle, Newmarket, Co Cork, is that almost 140 acres of it is under corn. This is most unusual for its area of north Cork, but agent Michael Brady of the Brady Group, says the farm is unusual in other ways too.

Firstly, it’s a decent size, in one compact block and its fertility is undoubted — it’s an ideal, walk-in dairy operation too, he says, and offers a total of 170 acres in one block.

In fact, the farm was used as a dairy enterprise up to ten years ago, when the owners, now vendors, entered the farm retirement scheme and the property has been leased since then.

That agreement is now up and the owners are to retire completely — the farm is going to market by public auction.

This approach will bring matters to a fairly swift conclusion, says Michael Brady, who is selling the Newmarket farm in one lot, because the layout works better that way, he says.

It’s a walk-in job ttoo for any young farmer, but in particular, for anyone looking to set up a dairy enterprise, he says, as it comes with a modern farm yard and a 10-unit milking parlour as well as slatted sheds, cubicle house, calf pens, etc.

All the ingredients are there for a stand-alone dairy enterprise, although it could easily continue as a beef and tillage holding.

The property is residential and includes a period farmhouse in good condition with a decent, five-bed offering and good space in a fully modernised, family home.

“The lease is finished at the end of the year and this is the reason it’s being sold off,” says Mike Brady.

“It’s adjoining the village and is a fine farm of land, good and dry and it would be as a good as you’d find in the area.

It was a dairy farm until 2004 when the owners entered the early retirement scheme and it’s ideal for it. It’s hard to get a block of that size,” he concludes.

The farm will go to auction on Jun 27 and there’s an initial guide give of €1.7m for the entire — that works out at €10,000 per acre for the house, yard and land and on the Munster average at the moment, that’s not a bad level for a ready-to-go, dairy or drystock operation.

As Brady points out, a young farmer need only move in and start working straight away, a rare opportunity in today’s market.


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