70ac with cottage and farm buildings on the market in Mallow
Circa 70ac with a cottage and farm buildings located at Coolnahane, Mallow, Co. Cork, are new to market through CCM Property.
The lands are located on the N72 main road from Mallow to Killarney.
“They are split into two lots, with lot one on circa 55ac. They are highly fertile and are set in maize this year,” said selling agent Martin Lonergan.
“On the opposite side of the road, lot 2 is an offering comprising circa 15ac and a house in need of renovation, which has retained several original features,” he said.
“Bridgeview Cottage has received planning permission to complete by Cork county council. The property will require building works to complete but a potential buyer has a unique blank canvas to create their ideal home, with the initial building blocks already firmly put in place by the current owner.
Included in this offering are cubical sheds with a front feeding onto a modern slatted unit. The tank is 9ft deep and 90ft in length with an approximate slurry capacity of 367m3 or 81,000 gallon capacity.
“The 15ac have access onto both the N72 and the R579. The cattle shed is suitable for any type of stock. This offering has both a mains water and ESB connection.
“This property is well located, being less than 13km to Mallow. It has potential for a new owner to further enhance and develop the property, mainly with a focus on the period cottage,” the agent said.
“The land quality is excellent with high yields of tillage crops harvested. The property does not have entitlements attached.
“It will be attractive to several potential buyer types. A potential investor buyer may be attracted to a risk adverse investment with an opportunity to avail of a tax incentive if the land was offered on a long-term lease agreement,” Martin commented.
“The land is guided very conservatively at €10,000/ac. The cottage on circa 1.5ac is also offered to the market as a separate lot, with a guide price of €100,000.
Concluding, Martin said: “Comparative lands of the same type and quality have achieved a higher price this year and we anticipate a high level of interest given the price point we have guided.”