It’s not every day that an island farm is valued at over €2m. However, Mitchelstown auctioneer Eamonn O’Brien has one such property on his books at the moment.

O’Brien is handling the sale of Reddington Farm, which is on Cobh Island in Cork Harbour.

As locations go, this property can boast one that could best be described as spectacular.

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The 130ac tillage farm at Ballybrassil, Ballymore, overlooks the channel coming into the famous port of Cobh, providing a bird's eye view of the maritime traffic.

However, O’Brien will not be reliant on location alone to sell this property. Having leased the land for the last 10 years or more, he is familiar with the quality of the holding.

“This is an excellent block of land and top-class tillage ground,” he insisted.

The 130ac farm on Cobh Island is all in tillage, apart from 6ac which was planted to hardwoods almost 20 years ago.

The auctioneer expects plenty of interest in the farm and anticipates that the non-residential holding will make in excess of €15,000/ac.

“This is a probate sale – with the farm being sold with goodwill – so if we get a fair and reasonable price, we will be selling,” O’Brien said.

“There is land in east Cork that is making €13,000 to €14,000 an acre, but there are also farms that are making up to €24,000/ac. There are plenty of customers out there and I believe this farm will attract a lot of interest,” O’Brien maintained.

“This is a beautiful tillage farm, but it would also make excellent grazing ground,” he said.

The size of the farm is an added attraction.

“There are not too many farms of this size coming on the market,” O’Brien pointed out.

The property is located 12.5 miles from Cork city, 10 miles from Midleton and is close to the town of Cobh.

The Cobh Island farm has been leased for a number of years and is currently in winter crops.

While O’Brien’s preference is to sell the farm as a single unit, the holding can be split into a number of blocks, as there is plenty of road frontage.

Offering the farm in blocks will attract in more bidders, but O’Brien is confident that there will also be customers for the entire property.

“This farm is set out in easily-worked divisions. There is only one section that is on the wet side and that five or six acres were planted to hardwoods more than 20 years ago,” he explained.

The farmyard comprises two round-roof sheds, with two adjoining lean-tos. The farm residence is being sold separately.

As the holding has been leased for the last 10 years, the actual sale takes place this autumn after the winter crops has been harvested.