Farm beside motorway guide priced at €595,000
In a superb location next to the M8 Dublin-Cork motorway, a 46.8-acre holding cuts an attractive presence amidst the rich farmland of Co Cork, and has recently come on the market through Cork-based agents Cohalan Downing.
Situated in the townland of Michellsfort, about 2km south of the village of Watergrasshill, the farmland is in two divisions which are easily accessed and managed.
“It’s easy to get to,” says Maurice Cohalan of the property. “There’s excellent road frontage along its southern boundary.” This road frontage isn’t to the motorway, but to a secondary road which links up to the nearest M8 junction just over 1km away.
“The land quality is typical of the area,” says Maurice, “which is to say level and fertile. It’s in top class condition.”
According to Maurice, the land has been well farmed over the years, and it is currently in a mixture of grass and stubble.
The reaction to the property seems to be strong enough so far. Although there haven’t been any offers, there has been a good level of enquiries and visits to the farm, according to the selling agents.
There is a good mixture of farming activity in this part of the world, where dairying is the dominant sector, closely followed by the arable sector.
There is also plenty of beef cattle farming and a very important number of holdings involved in the equestrian sector, with some local stud farms producing horses that have left their mark in the thoroughbred racing world.
There are entitlements going with the farm (details from agents) and the quoted sale price guide is €595,000.
This puts it at roughly €12,700 per acre.
It’s certainly a reasonable expectation, given the kinds of prices that have been associated with this part of the world in recent years.
The ease of access to this particular block should also ensure a great deal of interest.
If the holding was a bit larger, one might expect a stronger scramble for it but, as it is, the price guide should be just about right.
