"There is an ..., a bonny ..." (anthem of Shannon RFC) (4)

I believe the answer is:

isle

(Other definitions for isle that I've seen before include "eg Man, Wight" , "Skye or Capri?" , "cut-off location" , "Fair ---, knitting style" , "Small area of land in water" .)

I've seen this clue in The Irish Times.

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