A large hillside farm has come on the market in Co Kerry. The 287.13ac property is at Letternadarriv, Sneem, and is being sold by auctioneer Patrick Connor-Scarteen, based in Kenmare.
This is an executor sale, to be conducted by private treaty.
There will be keen interest in this farm given its size. The asking price is €350,000 or €1,220/ac.
While this guide price is by no means small, it’s within reach of many farmers. In any case the farm is on offer in two lots which puts the land in reach of more farmers.
The farm is located 1.4km off the main R568 Sneem to Moll’s Gap Road. That puts it within 5km of Sneem village. To find the farm, take the R568 road out from Sneem for 3.4km, turn left and continue up this road. The farm is on this road.
A lot of the land is south facing. It is described by the agent as mixed land suitable for rough grazing. It says it is reasonably fenced with a number of natural streams running through the land and some native oak woodlands.
The agents say that there is good access to this farm via a local public road and that the farm has some frontage on to a local public road.
Adding to the attraction, the farm has a number of useful farm buildings. These include a large three sided shed with slatted unit and a galvanised cow shed.
There is also an old stone outhouse which, the auctioneers state, could have potential to be converted to other uses.
Farmers interested in this farm will look carefully at its eligibility for EU schemes.
The farm is being sold with entitlements to EU Basic Payment Scheme with a current annual value of €17,346. The value of these entitlements may well increase under the next CAP given the further moves to convergence.
In the past the farm has qualified for annual payment of €4,240 under the Areas of Natural Constraint Scheme. The agent points out that the farm is also an ideal candidate for an agri-environmental scheme.
Obviously any buyer would have to satisfy themselves that they could qualify for payments, with this land, under these or any other such schemes and also about any designations. The best way to do this is to get advice from an approved agri-planner.
The auctioneer’s preference is to sell the farm in one lot – that is the simplest, quickest type of sale. However, the farm is also available for purchase in two separate lots, subject to demand. They are planned as follows:
Auctioneer Patrick Connor-Scarteen said that there has already been significant interest in the holding, particularly for the entire. “It’s unusual to get a block of this size coming on to the market.”
He has already received a strong offer for the entire farm.