40 acre holding for online auction with €6,500/acre guide

For anyone looking to buy land in County Limerick, an exciting opportunity comes in the form of an online land auction on June 23rd.

The event is on youbid.ie, where interested parties must pre-register and the block of land in question is grassland in the township of Ballintona, near the village of Balgally in south-west Limerick.

The roadside farm has excellent access, with wide frontage to the road. It’s all one block and all grass, laid out in six divisions.

According to Limerick-based sales agents O’Connor Murphy, this presents an excellent opportunity to acquire a 40-acre plot of land.

“The land is divided into six manageable divisions,” says sales agent Tomás Mulcahy, who also refers to the property’s extensive road frontage which he says “can offer potential residential sites, subject to availability. a building permit.

It is a strong characteristic of smallholdings that they have attracted the interest of people who look at them for the interest of living there and building a house, rather than farming the land itself for the business. agricultural.

The size of this particular operation may exclude it from this market segment, but it will all depend on the price this farm will receive at auction.

Limerick City’s suburban belt has been expanding all the time and the advent of remote working (an era hastened by pandemic policies) has all contributed to the ‘gentleman farmer’ model of smallholdings.

Other than that, however, the land itself is likely to tip the scales and the next owner will most likely be a farmer.

Ballgalley is 2.3km, Ballylanders 3km. The city of Tipperary is 18 km away and the city of Limerick 41 km.

The indicative price is €260,000. At €6,500 an acre, it will be hard to find better in this corner of the country. There is however a mixed quality within the property and when it comes to an open auction the true value of the farmhouse is quickly revealed.

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