Frederick Street,

Presenting a rare opportunity to acquire a high-potential 4.4-acre mixed-use development site centrally located in the heart of Clara, Co. Offaly. Zoned “Mixed Use Town Centre” under the Offaly County Development Plan 2021–2027, this strategically positioned site blends income-generating assets with significant development and heritage value.

Key Highlights
• Hydroelectric Plant
Fully operational, app-controlled hydroelectric plant powered by the River Brosna, flowing through the site
Annual output: 400–620 MWh, generating an income of approx. €40,000 per annum
Modern infrastructure: automatic trash rack cleaner, remote monitoring, and metering
Installed in 2008 at a cost of €750,000 with an expected 100-year turbine lifespan
Historical significance: First turbine (1919) still operational at time of upgrade
• Residential Income
Detached two-bedroom house (former forge), leased and generating €14,000 per annum
Tenant unaffected by sale
Architecturally notable, this mid-19th century structure contributes to the town’s heritage character
• Landmark Flour Mill Complex
Disused but architecturally significant six-storey former flour mill, c.1800, with adjoining return and outbuildings
Features include: striking stone entrance, historic brick chimney (c.1880), and former mill manager's house
A signature industrial landmark of Clara, steeped in history and ideal for sensitive restoration or adaptive reuse
• Heritage & Zoning Advantages
The Old Mill, House, and Entrance Gate are listed on the National Inventory of Architectural Heritage (NIAH)
Mixed-Use Town Centre Zoning permits a wide range of redevelopment possibilities – residential, retail, commercial, hospitality, cultural, or tourism-focused initiatives
• Additional Features
Newly constructed hydro building (2008) adjacent to the mill
Water rights to Kilbeggan, further enhancing future potential

Development & Investment Potential
This is an exceptional opportunity to invest in a historically rich site with two robust income streams, protected structures, and development zoning that supports a wide range of future uses. Whether seeking to restore a piece of Clara’s industrial past or develop a dynamic town centre destination, this property offers unmatched potential in one of the Midlands’ most charming and connected towns.

Clara (Irish: An Clárach) is a town on the River Brosna in County Offaly. Clara has plenty of local services including banks, schools, supermarkets, shops, garages, pubs, nightclubs and restaurants. Aside from GAA and soccer facilities, there is a driving range located in the town and the Esker Hills golf club located just outside the town. There is also a local equestrian centre and sports centre. Clara is situated on national route N80 some 12 km northwest of Tullamore. Clara railway station is on the main Dublin to Ballina / Westport / Galway railway line. Clara is also served by the M6 Dublin/Galway motorway with junction 6 less than 5 minutes drive from the town centre.