112 acres of land outside Dundalk is sold
One of the largest parcels of farmland to go on sale in Co Louth for many years has sold in recent days.
A 112.40 acre site at Killally, just outside Dundalk, went on the market last March with local estate agents Sherry FitzGerald Carroll for an asking price of €1.95m.
This equates to an asking price of €17,348.75 per acre, well above the average of €12,463/acre achieved in Louth last year according to the latest Irish Farmers’ Journal Agricultural Land Price Report which last week revealed that farmland in the county was the most expensive in the country.
Given just 424 acres of farm land was offered for sale in Louth in 2015, it shows how significant this latest sale is despite the fact that the figure rose to 1,398 acres last year.
It is unknown at this stage who the buyer is or what the final amount they paid for it was.
The land at Killally, between the Ardee Road and the N52 Inner Relief Road, is just 4km from Dundalk town centre and 1km from the M1 motorway. The property has considerable frontage to the county road, which links the Ardee Road to the Dundalk Inner Relief Road, where nearby businesses include Xerox, PayPal, eBay and National Pen.
The 45.58 hectares is predominantly made up of “good quality tillage lands.” The main portion of lands, c.95 acres are presently laid out in six large divisions and until recently were in tillage crops. The balance of the lands, c.17 acres, contains two redundant open face quarries, an internal road network and a small area of wetlands.
The lands, which are undulating in nature, slope southwards towards the Inner Relief Road.
The lands have three separate zonings in the Dundalk and Environs Development Plan 2009-2015:
- Residential 2 (phase 3) c.63.50 acres
- Employment Mixed Use c.30.40 acres
- Recreation, Amenity, Open Space c18.50 acres.