Investment Property

Investment Property

Main Street Banagher Co. Offaly:

Retail Shop,

2 Bedroom Apartment (Sitting Tenant),

1 Bedroom Apartment (Sitting Tenant),

Ground Floor Office Space (Sitting Tenant).

Leahy Midland Auctioneers are delighted to bring to the market an investment property that has a proven track record and Business Account details showing a profitable and progressive annual return year on year. The investment property includes a profitable Retail Shop Unit in the heart of Banagher Town located on a busy Main Street. The Retail Shop enjoys a substantial vehicle and pedestrian footfall. The Retail Shop is fully functional with all the relevant licences up to date.

Banagher is well known as a Tourism Town which will be greatly enhanced with the intervention of Offaly County Councils plans to redevelop Banagher Marina under the Rural Regeneration & Development Fund in conjunction with a the local Development Committee. This will no doubt increase the numbers of tourists to Banagher Town into the future, which will have a direct positive economic impact for Businesses.

The investment property at ground level also includes an Office Space that has a healthy annual return with a long term sitting tenant. The first floor of the investment property has a large 2 Bedroom Apartment and a 1 Bedroom Apartment

2 Bedroom Apartment 102.9 sq. meters (1107 sq. ft) consisting of:

Kitchen & Dining Room combined,

Living Room,

Bedroom 1 Double Size,

Bedroom 2 Double Size,

Bathroom.

1 Bedroom Apartment 45 sq meters ( 484 sq ft) consists of:

Kitchen,

Living Room,

Bedroom 1 double size,

Bathroom.

Both apartments have sitting tenants providing an annual return. The apartments and Office space can be purchased with vacant possession if required.

This investment property has a guaranteed sustainable income stream from the current sitting tenants that includes the 2 bedroom apartment, 1 Bedroom apartment and the ground floor Office space. The Retail Shop is profitable which can be clearly demonstrated by the annual Business Accounts year on year.