Frederick Street, Clara, Offaly

POA

Beds
Price	POA
Property Type	Investment Property
Size	meters²
Energy Rating	BER-Exempt
Refreshed on	Jun 9, 2025
Eircode
Group Name	Sherry FitzGerald Davitt & Davitt Mullingar
Sales License Number	001440

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 2021–2027, 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: 400–620 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.

BER Details

BER: Exempt

Description

BER Details

BER: Exempt