A substantial piece of land in North Kerry will be coming up for public auction on Wednesday the 24th of April next at 3pm at the Horse Shoe Bar & Restaurant in Listowel.
The farm in question is an 85-acre holding located in the townland of Springmount near the village of Duagh – approximately 0.7km from the village and 9km from the town of Listowel.
This is an area with plenty of good-quality agricultural land and with a strong emphasis on dairying and beef cattle. In the case of this particular farm, it is the latter sector that it represents and the property comes with a number of active entitlements too.
“This land would formerly have belonged to Duagh House,” says selling agent Tom Dillon of Listowel-based auctioneers Dillon Prendiville. “It was a period property that stood on the grounds dating from the middle of the 18th century. The house was demolished in 1960.
“The farm extends to 85 acres with the bounds marked by the banks of the River Feale at the northern end.”
The holding is being offered in three lots. Lot 1 is a 24.4-acre portion at the southern end of the holding. This is set out in three divisions. It has mains water and is accessed via shared access from Springmount Road.
Lot 2 contains the remaining 60.8 acres. This lot has dual access from Springmount Road through the original tree-lined avenue that once led to Springmount House. There is also direct access to the yard from Springmount Road and the lot has both electricity and mains water.
Lot 3 consists of the entire 85.2-acre holding.
The entitlements come to an annual total of €8,090. There are 30 in all, each worth approximately €269.99 including the greening: Lot 1 has eight of them while the remaining 22 come with the larger Lot 2.
“Lot 2 has a cubicle house with electric scrapers and a modern slurry pit, a concrete yard and a former milking parlour and dairy and associated outhouses… The farm is currently primarily used as a silage ground and grazing,” says Tom before adding that the reason the owners are selling is because they are down-sizing.
For a farm of such a size to come on the market in this area is quite an event so there should be a good deal of interest in it, both in the individual lots and in the overall package.
“It’s a substantial holding to get that amount of acreage in one parcel in the North Kerry area,” confirms Tom, “so you’d have a lot of dairy farmers that would have twenty and thirty acre parcels of land rented so it’s an opportunity for someone to put a block of land together of considerable size… Then, offering it in lots gives people the options and it splits quite well, geographically speaking, with the direct public road frontage on the larger lot and a shared access into the 24-acre parcel. ”
It will be interesting to see how it all pans out on the big day itself in terms of what lots will attract the stronger level of attention. According to Tom, the enquiry levels so far don’t indicate one side over the other.
“There has been a mixture of enquiries in terms of interest in individual lots as against the entire holding but, until the day itself, we won’t really know. There has been interest in both options.”
The AMV being given is €640,000. With such a rare holding of quality, one might imagine that it will achieve a good deal more than €7,500 per acre? Over the last few years, prices achieved for such land in this area have varied from €8,000 up to €15,000 per acre and, as with all public auctions, it’s not where it starts but where it finishes that will count.