PARTIALLY OCCUPIED MIXED-USE BUILDING WITH POTENTIAL FOR HIGH YIELD RENTAL RETURN

FOR SALE BY PUBLIC AUCTION – 30 th May 2018 (Being sold subject to and with the benefit of partial tenancies)

1 Main Street Castlebellingham County Louth

Reserve €120 ,000

LOCATION & DESCRIPTION MEASUREMENTS

Located on the main street of Castlebellingham, Commercial unit No. 1 - t/a “Blades Barbershop” Co. Louth, the property enjoys excellent road Ground floor - c.5.125m x 2.900m frontage and profile in the center of this popular village. Castlebellingham is also located in close Commercial unit No. 2. - Vacant and two storey. proximity to the coast and enjoys ease of access directly onto the M1 Motorway, which is Ground floor - c.5.300m x 2.400m approximately 2.11 km when travelling on the First floor - c.5.400m x 3.643m R166 from the village centre. The closest major hub is the town of Dundalk which is only c.9 km Residential unit No.1 - Vacant. when travelling on the R132. Ground floor Kitchen / Diner - c.2.260m x 3.031m Ground floor living room - c.4.600m x 4.520m The subject property comprises a semi-detached First floor Bathroom two storey mixed use building providing generally for two self-contained own door residential units (WC, WHB & Shower) - c.2.900m x 1.900m together with two self-contained commercial units First floor bedroom 1 - c.2.900m x 2.555m to the front, one which is vacant and laid out over First floor bedroom 2 - c.5.500m x 2.750m two floors and the second leased and operating as a busy ground floor barber’s shop. Residential unit No. 2 - Occupied Ground floor Kitchen/living - c.4.440m x 4.540m There is a shared laneway to the side of the overall First floor Bathroom property which provides access to 2 No. own door residential units, one which is occupied and the (WC, WHB & Shower) - c.2.200m x 1.505m second is currently vacant and there is a very First floor bedroom 1 - c.5.000m x 2.380m strong rental demand for residential First floor bedroom 2 - c.3.350m x 2.360m accommodation in this area. TENANCY

We are advised that the barbers and one of the residential units are occupied and producing a combined annual rental return of €11,440 per annum. The overall property is ideal for an astute purchaser to upgrade the property and substantially increase the existing income

VIEWING

Strictly by appointment with the Sole Agents .

Contact Negotiator:

Michael Gunne, MRICS, MSCSI M: +353 86 389 0009 E: [email protected]

REAR AND SIDE OF SUBJECT PROPERTY

Conditions to be noted: Whilst every care has been taken in the preparation and they are believed to be correct, they are not warranted and intending purchasers should satisfy themselves as to the correctness of the information given, nor do they constitute any or part thereof and are for information only. REA Gunne Property or their clients do not hold themselves resp onsible for any inaccuracy in these particulars.