56-acre East Cork farm attracting "strong offers" on lots

56-acre East Cork farm attracting "strong offers" on lots

Cork Mogeely, House 56 6 Co Farm At The Acre Ballymacoola The On

A 56.6-acre farm approximately 10km east of Midleton in East Cork is attracting a good deal of interest, with strong offers already coming in.

The property is at Ballymacoola, near the village of Mogeely (2km away), in a much sought-after location within a half hour’s drive of Cork City and close to the N25.

The holding is presented in two lots: Lot 1 is on 17.5 acres, including a single-storey dwelling in need of refurbishment, along with numerous outbuildings that are also in need of attention. Lot 2 consists of 38.1 acres. Similar to Lot 1, it is all in grass and well-fenced.

“The land here is of good quality,” says Cork-based selling agent Thomas J O’Driscoll. “The asking price on Lot 1 is €500,000 (€28,500/acre) and we’re currently at an offer of €410,000 (€23,400/acre).

“With the other 38.1 acres on Lot 2, we’re hoping that that will make €15,000/acre. There’s reasonable enough interest in it at the moment. The highest bid at this point is €12,000/acre.”

The very strong price being achieved by the smaller lot is testament to the attraction of the dwelling on the property – a rare and valuable commodity in this location within commuting distance of Cork City. As an executor sale, it's a property that’s unlikely to remain for long more on the market.

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