Main Street, Ballyvaughan, Clare

Sale Agreed Energy Rating H91NX2V 9 beds11 baths346.76 m2
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Description

SUPERB RESIDENTIAL/COMMERCIAL TOWN CENTRE INVESTMENT OPPORTUNITY The subject property comprise a purpose built 2 storey building accommodating 2 ground floor shops, 4 duplex residential units and two first floor apartments. The property is available in three lots. Lot 1 – comprises a ground floor shop together with a one bedroom apartment overhead, fronting Main Street. Lot 2 – also fronts Main Street and it comprises a two bedroom duplex apartment, a ground floor takeaway with apartment overhead. Lot 3 – is located within an internal courtyard and features 2 one bedroom two storey units and 1 two bedroom two storey unit.

Features

* High profile prominent location * Well constructed modern building * Attractively priced lot sizes. * Ideal for short, medium and long term investment or for pension fund. * Priced to sell.

BER Details

BER: D2 BER No.102908316 Energy Performance Indicator:273.32 kWh/m²/yr,BER:- Range C3—F. BER Certificates & Advisory Reports available upon request.

Directions

The subject property occupies a high profile prominent trading position in the heart of Ballyvaughan. The subject property is situated on the main crossroads between the N67 Kinvara/Lisdoonvarna National Secondary Road and the R477 Ballyvaughan/Fanore regional road. Ballyvaughan is uniquely located, on the Wild Atlantic Way, along the northern fringe of The Burren and fronting the south side of Galway Bay. Ballyvaughan takes full advantage of its picturesque coastal location and is within a short drive of a number of attractions including Aillwee Caves, The Cliffs of Moher, The Aran Islands and famed towns and villages like Doolin, Lisdoonvarna, Lahinch, Liscannor and Miltown Malbay. Ballyvaughan feature a number of commercial activity including Burren College of Art, Hylands Hotel, The Wild Atlantic Lodge, Burren Atlantic Hotel, Monks Bar & Restaurant, Spar and an array of pubs, restaurants and bed and breakfasts.

Viewing Details

By prior appointment only.

Asking Prices

Lot 1 – €110,000. Lot 1 has the potential of converting the ground floor retail shop into bedsit unit. This would provide an income of up to €11,000 per annum. Giving a potential yield of 9.5%. Lot 2 – With an asking price of €215,000 this investment represents a return of just under 9% per annum after costs. Lot 3 – With an asking price of €170,000 this reflects a return of 10% per annum.

Tenant Shedule/Floor Plans

Property Annual Rent Size Lot 1 Shop Unit 3 (Vacant) Vacant 31.77 sq mtrs Overhead 1-bedroom apartment (No. 6.) Rented 43.79 sq mtrs Lot 2   Shop Unit 1 (Kebab Takeaway) Rented 36.95 sq mtrs With 2 bedroom apartment 43.30 sq mtrs overhead Townhouse Unit No. 2 (2 bedrooms) Rented 61.84 sq mtrs Lot 3 Townhouse unit no. 3 (2 bedrooms) Rented 67.36 sq. mtrs. Townhouse unit no. 4 (1 bedroom) Rented 30.74 sq. mtrs. Townhouse unit no. 5 (1 bedroom) Rented 30.74 sq. mtrs. Total Annual Rent for Lot 3 is €17,520 per annum
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Costelloe Estate Agents
Costelloe Estate Agents
Tel: 065 6...
PSRA Licence No. 002313

Date created: May 2, 2023

Costelloe Estate Agents
Costelloe Estate Agents
PSRA Licence No. 002313
David Costelloe
Call Agent: 065 6...