DescriptionMonaghan Property Sales in partnership with The Leinster Property Auction
*c.0.4 acre town centre site, with c.11, 000 sq. ft. commercial building, with over 90 ft. street frontage,
onto the busy thoroughfare of Glaslough St.
*Extensive parking to rear, with access from Glaslough Street, and bordering County Council public car park.
*Would have the potential for further development, for any number of uses.
Description and Location:
The subject property comprises a large commercial building (formerly a cinema) constructed in the mid to late 1950's. The property occupies a prominent 0.4 acre sloping site (c. 1800 m2) with c.27m street frontage, at the top of Glaslough Street, a major artery, from the north, for entering Monaghan Town. The surrounding area would be predominantly commercial with both retail and office outlets adjacent. The property benefits from an extensive service road and parking/ turning area to the side and rear total c.1,050m2 (11,000 sqft.)
The building is of traditional rendered masonry construction with pitched slate roof. Basement floors are concrete, ground floor and first floor are of suspended timber flooring. Property has been maintained, but would require some modernization.
Property in brief:
Basement storage area totalling c.350m2 (restrictive varying head-heights), ground floor retail area c.460m2, first and second floor storage/ display areas and offices to rear c.222m2.
All services are provided to the site, including water, electric, drainage and telephone and all are mains supplied. The property has been subdivided to suit former use, with suspended ceilings and electrical fittings to suit. Heating system is oil fired.
Tenure: The property is freehold.
Auctioneers Comments: This property is offered for sale by unconditional auction in partnership with The Leinster property Auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.