Desmond House occupies a superb location on the northern side of Main Street, Maynooth, Co
Kildare. Maynooth is Ireland's only university town, well established within the commuter belt with a population of 14,585 (CSO 2016). The town has experienced tremendous growth in recent years both in terms of commercial and residential development and is now regarded as the premier residential location in North Kildare. Maynooth University currently has an enrolled student population of in excess of 11,000 students.
Main Street is the primary commercial thoroughfare in Maynooth and is home to a number of occupiers including Supermac's, Londis, AIB and Permanent TSB. Other high profile retailers
situated in the town include Tesco, Aldi, Boot's, SuperValue and Dunnes Stores.
The property offers an excellent mixed use investment opportunity available in three lots.
Lot one comprises a commercial premises fronting onto Maynooth Main Street and is is laid out to provide a restaurant at ground floor level and office accommodation on the first floor. Picaderos Restaurant occupy the ground floor and operate a successful business, specialising in Argentinian and Spanish cuisine. The first floor office accommodation is of high specification and is occupied by two tenants.
Offers are sought in excess of €700,000, showing a NIY of 8.77%, allowing for standard purchasers costs of 8.46%.
Lot two comprises a separate two storey residential premises situated to the rear of Main Street and fronting Pound Lane. The property is fully let and laid out to provide three no. one bedroom apartments. There is off-street secure parking available to the rear of the residential units.
Offers are sought in excess of €500,000.
Lot three comprises the entire property and offers are sought in excess of €1,200,000.