Price Asking price €245,000
Style Investment Property
Status For sale

Contact the Agent

Sherry Fitzgerald Rainey

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Additional Information

Additional Information

Mixed Use Investment Opportunity 

370 sq m / 3,985 sq ft approx.

 

The Location

Situated in Falcarragh West Donegal, an important market town located 38.50 km west of Letterkenny and 22.20 km east of Bunbeg.  Falcarragh is one of the last remaining Gaeltacht regions of Donegal and popular with seasonal tourists, as well as serving a large hinterland community.

 

Description

The property comprises of an imposing modern three storey building with extensive corner frontage onto Main Street and Ballina Cottages.   The ground floor is laid out to provide two  retail units, one of which is occupied by a takeaway user and the other unit is vacant.  There are six apartments which are a mix of one and two bedroom apartments over first and second floors, accessed off Main Street and Ballina Cottages.  

 

VAT
The sale will be subject to VAT, prices quoted exclude VAT.

 

Accommodation
The accommodation and approximate floor areas are as follows:

Take Away  69 sq m (743 sq ft)

Retail Unit  44 sq m (474 sq ft)

Residential 6 No. apartments  257 sq m (2,768 sq ft)

Total  370 sq m (3,985 sq ft)

 

Special Features & Services

  • Town Centre investment opportunity.
  • Prominent three storey corner property in good decorative repair extending to a gross area of 370 sq m (3,985 sq ft).
  • Comprising an occupied ground floor take-away, vacant retail unit and six residential apartments over first and second floors.
  • Separate access to the residential units, two of which are occupied and generating a monthly income.
  • Potential for additional rental income to be generated from the vacant ground floor unit and four vacant apartments.
  • Tenants unaffected by this investment sale.

 

Tenancy

Tenants unaffected.

The ground floor take-away is let informally and generating a rental income of €400 per month (€4,800 per annum).

Apartment No. 2 is let informally and is generating a monthly income of €260 exclusive (€3,120 p.a.) There is potential for an additional rental income from the vacant ground floor unit and four apartments. Apartment No. 6 is also occupied at present.

 

BER

BER D2 – F

BER No’s available on request.

Directions

From Main Street follow the N25 in the direction of Dungloe. Pass Bank of Ireland on your right and continue straight through the crossroads. The property is on the left just before the Post Office.

Latitude: 55.136094 Longitude: -8.106542 (copy into Google Maps for location / streetview).

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Property Statistics

Total Views

(since advertised)

278

Listing Views

Date Views Unique Views Featured Published Bumped
19th Jan 0 0 No Yes No
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14th Feb 10 10 No Yes No
15th Feb 3 3 No Yes No
16th Feb 1 1 No Yes No
17th Feb 0 0 No Yes No

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