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Mixed Use Investment Opportunity
370 sq m / 3,985 sq ft approx.
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.
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.
The sale will be subject to VAT, prices quoted exclude VAT.
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.
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 D2 – F
BER No’s available on request.
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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