With an address at Laragan, Elphin, Co Roscommon, this 700-acre farm provides a once-in-a-lifetime opportunity to develop a substantial dairy enterprise in the west of Ireland. The owner of the property is Marcus Hanley of the well-known Hanley Quarries and development, that owns Laragan Quarries (this adjoins the farm). Marcus plans to concentrate more on the concrete business, providing the unique proposition of leasing out the 700 acres – a decision that was not made lightly.

I took the opportunity last week to call down to the farm to get a first-hand look at what is on offer in this stunning property.

The farm itself is divided between a 614-acre parcel and a second 145-acre outfarm, which includes 32 acres of woodland, located approximately 3km away from the main block.

Also situated on the home farm is winter accommodation for 1,000 cattle. This is provided by slatted and dry bedded sheds, while an outwinter pad is also in place on the farm.

Breathtaking

The land itself is located between 350ft and 450ft above sea level and is extremely dry. Comprised of extensive fields spread across undulating hills, the views from some of the highest points are nothing short of breathtaking.

The farm is currently used as a beef finishing unit, while a B&B system is also operated.

As part of the B&B system, stock belonging to other farmers is held on the farm over the winter months.

For this reason, a substantial amount of silage is made every year. One drawback to this system is that fields used for silage production are generally unfenced, which will need to be addressed by the future tenant.

Impressive roadways

There is an impressive roadway network spread throughout the farm that is completely private. Stone which may be required for any additional farm roadways may be purchased for a discounted price from Hanley Quarries, according to Marcus.

While the farm would suit a number of different enterprises, the owner is strictly seeking farmers wishing to develop a dairy operation.

Once established, the farm would be able to hold a milking herd of approximately 650 to 700 cows, according to Mike Brady, dairy consultant who is handling the lease.

The annual rent for the property is €225/acre, which equates to €157,500 per annum.

Over the 20-year lease this would require an investment of €3.15m

The lease would begin on 01 January 2018, or earlier if suitable to both parties, and would run until 31 December 2037. Any potential investor must meet certain criteria before they would be considered for the project, including providing full financial accounts for 2014, 2015 and 2016. The entitlements from the farm, which amount to €48,111, are available for purchase also.

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