276-acre Déise residential farm, looks a Suir bet for buyers

In the cold days of 2011 and the unprecedented heating of the farm land market, a substantial 276-acre tillage and grazing farm in south Tipperary failed to go all the way in its historic sale.

Glencastle House, Kilsheelin, which dates back over 300 years, was eyed up by a number of strong buyers, but failed to sell at auction due to a number of undisclosed factors.

Now, however, with a very bullish market and the summer in full flight, (when the land will shine at its best), the joint agents are hopeful of a sale this time round as all issues have been cleared and a floor has been put on the market price.

This time round too, the sale is by private treaty negotiation rather than auction and the acreage is slightly less — 269 acres or 109 hectares.

The same agents are again in charge — John Shelley of Shelley and Purcell and Dick Collins of Collins O’Meara.

And the guide price is given as €3m — down slightly on the pre-auction guide of €3.25m of early 2011, (and which was considered a high value at the time).

The market has since caught up with expectations and the current price reflects a guide of just over €11,000 per acre — rather modest in current terms, but not too high to frighten off prospective buyers.

The fine, rich tillage land was making up to €2.6m last time round with a highest bidder who instead went on to purchase — and almost immediately sell — a large dairy farm in east Cork.

The exceptional riparian location and quality of ground will not be lost on good tillage farmers and the land is level, fertile and easily managed.

The land runs gently towards the Suir and includes an area of about 30 acres in a mix of deciduous and softwood planting with an annual premium.

The farm has views towards Kilsheelan Castle and is a short drive to the village in a picturesque, rural area and the land runs in one long strip along the banks of the river, with fishing rights that could be worth up to €400,000, says Dick Collins.

The house, which dates from the early 17th century, is separated from the yard by a high wall and backs onto the river.

You can literally hang a fishing rod out of the window. The property last changed hands in the mid-’50s, was a dairy farm up to the late ’70s, when the enterprise shifted to tillage and drystock and it’s a very easily managed and run farm, say the agents.

Access is via a long driveway and road frontage is minimal, but the farm is easily negotiated internally and comes with a clean, comprehensive yard close to the house.

That historic building was built in 1676, shortly after Cromwell’s campaign in Ireland, and has been consistently maintained over the centuries.

It offers five-bedroomed accommodation with a modern and cosy kitchen alongside some grand entertainment rooms.

The “walk-in” purchase includes a yard with large, slatted cubicle house (up to 450 stores were kept here) as well as other large buildings in a tidy courtyard arrangement and including the original Glencastle, whose walls form part of a small outhouse defend the house from the courtyard. The agents are open to offers from interested parties in the region of the guide price.


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