Patrick Street

DNG Kelly Duncan presents a substantial mixed-use investment property on Patrick Street and Kilbride Street, in the heart of Tullamore town centre. With two of its three ground-floor retail units already let, the property offers immediate rental income and scope to add value through the vacant Patrick Street unit and the two floors of residential accommodation above it.

Ground-Floor Retail

The three retail units vary in size. Two are occupied by long-standing tenants Hebe Skin Care and Beauty and Vapeways, both of whom are unaffected by the sale. Copies of the leases are available on request. The main Patrick Street unit is vacant and offers scope for owner occupation, re-letting or redevelopment, subject to any necessary consents. The building has also benefited from a recent roof replacement.

Upper-Floor Residential Accommodation

Arranged over the first and second floors above the vacant Patrick Street unit, the residential accommodation comprises up to five bedrooms, a living room, a bathroom and a kitchen area. It requires refurbishment and modernisation, with scope to reconfigure the layout, subject to any necessary consents. The Patrick Street retail unit provides access to a private rear courtyard and storage sheds.

Refurbishment Grant Potential

Eligible purchasers may be able to access funding under the Government’s Vacant Above the Shop Grant to bring the upper floors back into residential use while retaining the ground-floor commercial space. Funding of up to €95,000 for the first residential unit may be available, with higher amounts for qualifying multi-unit schemes. Any award is subject to applicant and property eligibility, the proposed works and approval by Offaly County Council.

Town Centre Location

Patrick Street is one of Tullamore’s established retail streets, with strong pedestrian footfall, a mix of shops and cafés, and town centre amenities within easy walking distance. The property’s position on Patrick Street and Kilbride Street gives it a presence on two town centre streets.

BER Ratings range from D1 to G.

Viewing is strictly by appointment with sole selling agents DNG Kelly Duncan. For further information, lease details or to arrange a viewing, call our Tullamore office on.

DNG Kelly Duncan – Your Trusted Real Estate Partners.

BER Details

BER Rating: D1

BER No.: 800852204

Energy Performance Indicator: 366.38 kWh/m²/yr