Investment Property

Investment Property

Main Street Banagher Co. Offaly:

Retail Shop (Sitting Tenant)

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 with an annual minimum yield of 35,000 euros. The investment property includes a 10 years lease with the Retail Shop Unit, long term lease with the ground floor office unit and 2 Apartments that have long term sitting tenants.

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.

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. Also the Retail Shop unit that has a 10 years lease agreement in place.

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.