DescriptionCastles Estate Agents are proud to present to the market 1 Main Street Ferbane.
1 Main Street Ferbane is a unique portfolio of properties all recently refurbished to the highest standards. Containing a 4 bed home, 2 bed terraced townhouse and commercial retail unit. Located opposite the garda station in Ferbane Co. Offaly this is an easily managed and well run investment property.
Ferbane is a small town of 1200 people which has remained steady over the last 26 years. Its ideally situated only 20 minutes commute from the busy town of Athlone. The river Brosna flows through Ferbane on its way to the Shannon and so the town benefits from its share of toursism as well.
Ferbane town has grown well over recent years as a result of the development of local business including the Business & Technology Park and indeed valuable startup supports from Ferbane Food Campus.
There is excellent transport infrastructure and public transport links in the area which underpins Ferbane's status as a growing town. The M6 Motorway provides direct access to Galway to the west and Dublin's city centre, northern suburbs and the M50 Motorway to the east.
Ferbane Town offers excellent convenience retailing, leisure and educational amenities with both primary and secondary schools within the town.
This property comprises of the following:
4 Bed House
This is a fantastic ideal family home. There are is a large modern kitchen, good sized sitting room with stove and 4 large bedrooms, three of which are ensuite as well as utility and back yard/garden. The quality of renovation and workmanship is to the highest standards. The house is heated by a dual option solid fuel stove and energy efficient electric system. It has both rear and front access. Potential income €14,400 P.A.
Kitchen: 9.17mtr x3.84mtr - Island kitchen, wooden flooring skylight.
Living Room: 5.90mtr x 4.50mtr - Solid fuel stove, wooden flooring.
Bedroom 1: 3.38mtr x 3.84 mtr - Walk-in Wardrobe (1.87mtr x 1mtr)
Ensuite: 2mtr x 1.86mtr
Bedroom 2: 4.59mtr x 3.49mtr - Wooden Flooring, fully tiled.
Ensuite: 2.70mtr x 1.19mtr
Bedroom 3: 4.61mtr x 3.05mtr - Wooden Flooring, fully tiled.
Ensuite: 1.83 mtr 1.73mtr
Bedroom 4: 4.55mtr x 3.03mtr - Wooden Flooring.
House Sqr Mtrs total 278 sqr meters
Two Bedroom Town House.
Next door to the 4 bed house is two bed town house with rear access. Again, this property is renovated to the highest standards and is currently let at €700 pcm (per calendar month). As Ferbane is not in a rent pressure zone there is room to increase this rent.
The commercial unit is of modern construction and is in excellent condition. It contains high-profile shop frontage as well as rear access. Whilst the shop front has single bay frontage there is extensive space within this unit of over 2000 sqr ft. The unit is currently operated as a health clinic. The current rent is €14,400 per annum.
Castle Estate agents are marketing the freehold interest in the entire property for sale.
The potential exists for any purchaser to sell on any aspect of this development.
FeaturesEasily managed property investment situated 15 minutes from Athlone.
Potential annual rent of €37,200 per annum.
BER DetailsBER: C2 BER No.800207870 Energy Performance Indicator:893.82 kWh/m²/yr