Sunday 07 October 2012
Farmers were never hit by recession as land values held
Expectations are high that a record price will be paid for a 27.5ac parcel of ground overlooking Kinsale and located just five minutes walk from the centre of the south's culinary capital.
Local auctioneer John Hodnett is guiding the sale at between €25,000 to €30,000/ac in advance of the public auction.
The land, which is located within the development boundary of Kinsale town, commands panoramic views of Kinsale Harbour and the Bandon River estuary and enjoys extensive road frontage on its western and southern boundaries.
According to Mr Hodnett, it is rare for a property like this in such close proximity to a major town to come on the market.
"This certainly is one of the best situated land holdings within the environs of Kinsale," he said.
Mr Hodnett went on to say that the 27.5ac, which is the property of the Sisters of Mercy, is suitable not just for agricultural use but has long-term development potential, subject to planning permission.
The holding will be sold at public auction at the Trident Hotel, Kinsale, at 3.00pm on Friday, October 5.
- Jim O'Brien
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