A significant forestry holding with some equine potential has come on the market in Co Tipperary.
Located south of the M8 motorway the circa-73ac holding at Cooldine, Killenaule is listed with Cashel Mart’s Property and Land Sales and came on the market just before Christmas.
The property is all in one block and has been in forestry with over 20 years.
Land under forestry
The forestry was initially established between 1996 and 1998 and subsequently all premiums have been drawn down.
A rough breakdown of the plantation shows that it consists of:
An outbreak of Ash Dieback in recent years led to the area of Ash being replanted in 2018.
To the front of the forestry is a stable yard with a number of old stables with a water supply and electricity.
Planning permission was granted in the past for two houses by the roadside but this has lapsed on two occasions.
There is a strong possibility this would gain planning again and the plans are available on request from Cashel Mart.
The property is well situated, with a number of access points and it has a well laid out internal road. There is also excellent road frontage.
Located just off the R691 at Cooldine, less than 2km north of the town of Killenaule, the property is almost equidistant between Cashel (13km) and Thurles (16km).
Aside from the planning potential and stable facilities on site, this is an interesting property in the current climate for a number of reasons.
The Sitka plantation is approaching harvest stage in the next few years and demand for timber has been strong of late.
Speculation regarding carbon farming could see farmers view this property of more use to them than they may have done in the past.
The guide price for this property is in the region of €350,000, or approximately €4,800/ac, a figure that would be close enough to the top end of forestry value.