Over €6,000 per acre price tag on 132-acre farm in North Cork

by Conor Power

For sale with Newmarket-based auctioneer Liam Murphy, a 132-acre non-residential farm offers a rare opportunity to purchase a large holding in a vibrant agricultural community in North Cork that’s closely associated with the birth of the co-operative movement.

The property is all in pasture and is located off the R578 (the Newmarket-Charleville road) in the townland of Gooseberryhill, close to the Limerick-Cork border and 7.5km north-east of Newmarket.

Kanturk is 15km away while Banteer is 21km on the other side of the N72.

“It’s good quality land,” says Liam. “There’s very good frontage on it, and this would be a part of the country that’s very strong in dairying.”

According to the agent, the property has been very well farmed over the years with very little wastage over its extensive area.

There are no entitlements coming with it.

The 132-acre holding for sale at Gooseberry Hill, Newmarket, in north Cork.

The amount of road frontage — with public roads both adjoining it and running through it — means that the farm would lend itself very well to sub-division, if the market so required. At this point, it’s a bit too early to tell whether or not that will happen. For now, the holding is being offered simply as one lot.

“It’s a bit early for me to say at this stage whether or not it will be divided, but with the interest we have already, I’d be hoping to have it sold within the next six to seven weeks.”

Water and electricity are supplied, and the Owenanare river forms part of the boundary at the western end of the farm.

It’s a property that would lend itself to a number of farming activities.

Although dairying is undoubtedly the dominant sector in this area, there is also some tillage farming, as well as an equestrian centre next door.

Interest so far has led to many local enquiries, according to Liam, but there have also been enquiries from farther afield,

“I’ve had a number of calls from people outside the area, from Kerry, for example, and we’ve had a good share of local interest more recently.”

The price expected for this large chunk of pasture land is, according to the agents, “between €6,000 and €7,000 per acre”.

The interest so far is quite strong, with the agent reporting a great response to advertising already carried out.

It may well be, therefore, that this farm is hitting the market at an opportune time, and with milk prices relatively strong, the competition for it may exert strong upward pressure on its value.

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