Excellent mixed use investment opportunity situated in a prominent position in Carlingford, Co. Louth. Tenants not affected.
The property is located on Market Square in the centre of Carlingford, Co. Louth. Carlingford is a coastal town located to the north of Co. Louth. The town is located on the R176/R173 roads between Greenore point and Omeath Village. Carlingford is approximately 28 km north east of Dundalk, 90 km north of Dublin and 11km south of the border with Northern Ireland. The surrounding area is predominantly commercial in use with restaurants, and public houses in close proximity.
The subject property comprises a mid terrace building. Bradley's Pharmacy occupy the ground floor and basement level, which is utilised for storage. There are holiday apartments located on the first floor which enjoy separate own door access from the street.
Description Sq. M. Sq. Ft.
Basement 42.91 462
Ground Floor 178.48 1,921
First Floor 154.87 1,667
Total 376.26 4,050
The commercial accommodation is currently occupied by Bradleys Pharmacy who will agree a new lease prior to the sale closing. The terms will be a 20 year lease with 5 yearly rent reviews (market rent) and no break options. The rent will be €40,000 per annum.
We understand that the 2017 Rates payable to Louth County Council is €3,180.
Seeking offers in excess of €500,000 which equates to a NIY of 9.49% after standard purchasers costs of 8.46%.