R35AY71 
| Beds | |
| Price | €595,000 |
| Property Type | Development Land |
| Size | 0 meters2 |
| Energy Rating | BER-Exempt |
| Refreshed on | Jun 4, 2025 |
| Eircode | R35AY71 |
| Group Name | Sherry Fitzgerald Lewis Hamill |
| Sales License Number | 001359 |
Description
Presenting a rare opportunity to acquire a high-potential 4.4-acre mixed-use development site centrally located in the heart of Clara, Co. Offaly. Zoned “Mixed Use Town Centre” under the Offaly County Development Plan 20212027, this strategically positioned site blends income-generating assets with significant development and heritage value. Key Highlights • Hydroelectric Plant Fully operational, app-controlled hydroelectric plant powered by the River Brosna, flowing through the site Annual output: 400620 MWh, generating an income of approx. 40,000 per annum Modern infrastructure: automatic trash rack cleaner, remote monitoring, and metering Installed in 2008 at a cost of 750,000 with an expected 100-year turbine lifespan Historical significance: First turbine (1919) still operational at time of upgrade • Residential Income Detached two-bedroom house (former forge), leased and generating 14,000 per annum Tenant unaffected by sale Architecturally notable, this mid-19th century structure contributes to the town's heritage character • Landmark Flour Mill Complex Disused but architecturally significant six-storey former flour mill, c.1800, with adjoining return and outbuildings Features include: striking stone entrance, historic brick chimney (c.1880), and former mill manager's house A signature industrial landmark of Clara, steeped in history and ideal for sensitive restoration or adaptive reuse • Heritage & Zoning Advantages The Old Mill, House, and Entrance Gate are listed on the National Inventory of Architectural Heritage (NIAH) Mixed-Use Town Centre Zoning permits a wide range of redevelopment possibilities residential, retail, commercial, hospitality, cultural, or tourism-focused initiatives • Additional Features Newly constructed hydro building (2008) adjacent to the mill Water rights to Kilbeggan, further enhancing future potential Development & Investment Potential This is an exceptional opportunity to invest in a historically rich site with two robust income streams, protected structures, and development zoning that supports a wide range of future uses. Whether seeking to restore a piece of Clara's industrial past or develop a dynamic town centre destination, this property offers unmatched potential in one of the Midlands' most charming and connected towns. JOINT AGENTS SHERRY FITZGERALD DAVITT AND DAVITT
Accommodation
Features
BER Details
Exempt
Negotiator
Hilary Hamill
Date created: Jun 4, 2025