14 hours ago
121-acre Cork farm expected to sell for €1.7m
The rare opportunity to purchase a viable-sized farm of 121 acres within an hour of Cork City is up for grabs with the latest offering from Clonakilty-based auctioneers Hodnett Forde Property Services.
The holding in question is at Knockacroghera, approximately 7km west of Coachford, 11km from Macroom and just over 30km from Cork City centre.
The lands are all in permanent pasture and laid out in easily managed divisions, according to selling agent Ernest Forde.
The lands are all in permanent pasture and laid out in easily managed divisions, according to selling agent Ernest Forde.
He said: 'It should generate a good bit of interest Only a day after it went on the market, we already had a good few phone calls and enquiries… it's a substantial piece of ground and makes for a viable self-standing unit.'
The property is ready to go and in very good condition, the agent adds. It has been leased out for a number of years but well maintained during that time.
There is a farmyard with a number of old outbuildings. These include two four-bay round-roof sheds with additional lean-to structures, a three-bay round-roof shed and a collection of stone outbuildings.
Furthermore, there is a derelict house on site – something that adds to the potential of this farm.
'The house offers potential for anyone taking over the farm,' says Ernest. 'It's also well situated where it is on the farm and there's huge road frontage onto two roads. The farm is very accessible in all parts.'
Lot A consists of 64.5 acres and Lot B has 56.5 acres (including the derelict house and outbuildings).
The ample road frontage lends itself to easy subdivision and the holding is being offered in two lots: Lot A of 64.5 acres and Lot B of 56.5 acres (including the derelict house and outbuildings).
'That gives an opportunity to purchase two good-sized holdings,' says Ernest. 'We'll see how the interest builds… if we have very strong interest, we might go to a private auction but at the moment, it will be sold by private treaty.
'We're expecting that it will make in the region of €1,700,000 to €1,800,000 (€14,000 - €15,000/acre). We're hoping that it will exceed that, of course. It's a very strong farming area.'
