Large tracts of land are coveted for investment by farmers and non-farmers alike.
Auctioneers across the country are reporting a significant increase in interest in this type of property for climate protection and other environmental purposes.
Farmers, especially young professionals, are also looking for such areas, especially when it comes to undemanding areas. You can apply for these from the national reserve, and there are no off-farm limits.
A 233ac residential property in Coomavoher, Mastergeehy, on the Iveragh Peninsula in Co Kerry is on the private contract market. It can be bought whole or in lots.
With a target price of €500,000, the farm will be sold with or without BPS authorization. There are 64 of these at €158.59 each, making a total of €10,150 per year.
In a picturesque setting overlooking Derriana and Toomeenbog Loughs and in the shadow of the Kerry Mountains, the country is 10 miles from Waterville, 15 miles from Cahersiveen and 24 miles from Killorglin with Killarney 33 miles to the east.
The property is divided into 88 ac freehold land and 145 ac commons, representing a quarter portion of a 580 ac commons.
According to Mike Brady of sales agents The Brady Group, the holding is “Mountain and hillside land suitable for upland sheep farming and carbon farming, with potential for hydroelectric and wind power generation.
It comprises a two storey traditional farmhouse that has been partially renovated but needs further modernisation. The building has a slate roof and is fitted with PVC windows.
Internally, the unfinished spaces comprise an open plan living/dining area and kitchen with two bedrooms upstairs.
Mr Brady believes the property will represent an attractive investment in many respects and is reporting interest from all sectors.
The farm is offered in two lots or as a whole: the farmhouse on 0.25 ac, listed at €200,000; and 233ac of non-residential property valued at €300,000.
The seller is also open to offers and alternative lot suggestions. Kerry Property Sales are joint agents.
88ac Beara Farm listed at €220,000
Moving south where Kerry and Cork share responsibility for the Beara Peninsula, Mr Brady is handling the sale of an 88ac farm which includes arable land, forestry and community.
Overlooking Bantry Bay, the property is situated in Tooreen More West, 4km from Castletownbere, 20km from Adrigole and 50km from Kenmare and Bantry.
According to the auctioneer, the farm “has a bit of everything to offer”.
A portion of 20ac is used in lowland grazing, 19ac is suitable for rough grazing, while 15ac is planted in commercial forestry in the 1990s. Usual 34ac make up the rest.
“This is bare land and represents a good opportunity to apply to the National Reserve for BPS claims for 2022 and beyond,” Mr Brady said.
The sale is listed at €220,000.
https://www.independent.ie/business/farming/farm-property/munster-farm-sales/how-naked-land-can-provide-opportunities-for-young-entrant-farmers-41513468.html How ‘bare land’ can offer opportunities for young farmers