A 54 ACRE PLOT of agricultural land in Tulla has sold for €1m.
Situated in Cutteen, Tulla, the agricultural land sold for €1,060,000 which was €210,000 above the original asking price of €850,000.
The farm, situated in Cutteen, was bought from a local for €1,060,000 at an auction in the Old Ground Hotel, €210,000 over the price originally asked.
Located on the northern side of the Ennis to Tulla Rd and adjacent to the village of Tulla, the 54-acre farm is described as having great frontage onto the main Scarborough Road and top-class pastures.
Speaking to The Clare Echo, Diarmuid McMahon of SherryFitzGerald McMahon described the property as “a strategic location” containing “good quality land” and “excellent access”.
He admitted of the selling price, “To be honest, I wasn’t surprised”. Although not a common occurrence in Clare, McMahon told The Clare Echo that properties in Tulla have sold for over a million euros in the past, even as close as “recent weeks”.
He said, “Whether something sells for a million or not is a function of how many acres you have. If you’ve enough acres, even if they’re in poor quality, you can get over a million.”
According to McMahon, the market for agricultural land is currently incredibly active. Location, quality of land, and accessibility are important aspects to consider. He said, “Access out onto roads and whatnot is really important”, which is something the Tulla farm was rich in. “We were delighted with the result, as was the vendor”.
