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Mixed Use Development at French Church Street, Portarlington, Co. Laois

  • Auction
  • Lot 18
  • Ireland
  • Mixed Use
  • Commercial

Sold for €1,376,000

Addendum

Please be advised of the amendment to Special Condition 7 in the Contract for Sale. All interested parties must satisfy themselves by carrying out their own independent due diligence.

Property Summary

  • Substantial mixed use investment opportunity.
  • Comprising a mix of ground floor retail units together with 15 x apartments and a townhouse.
  • Contained within folios LS22339F and LS9180F
  • Sitting on a total site area of approximately 0.33 ha (0.81 acres).
  • Total floor area extending to approximately 947 sqm (10,193 sq ft).
  • Town centre location.
  • Current rent reserved €65,289 per annum.
  • Gross yield 6.87% with significant reversionary potential.
  • Vacant possession of 10 x apartments and 1 x retail unit. 

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
Gerard O'Donoghue
Vendor's Solicitor

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
Gerard O'Donoghue
Vendor's Solicitor

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Property description

The property comprises a mixed-use commercial development situated in the town centre of Portarlington, Co. Laois. The properties arranged to provide three separate buildings interconnected with  ground floor retail accommodation, multiple apartments over first and 2nd floor levels together with extensive car parking provisions to the rear.  Further detail can be found in the tendency schedule below. 

Location

  • Portarlington is a Midlands town in Co. Laois with a population of some 9,288 (as of the 2022 Census).
  • The town is situated between Newbridge and Roscrea, approximately 90km south west of Dublin.
  • Transport connections are principally provided by the M7 motorway situated directly to the south of the town providing access to both Cork and Dublin.
  • The property is situated on the upper end of Main Street and to the rear of Main Street within the Tannery development.
  • Surrounding occupiers include McLoghlins SuperValu, Centra, Paddy Power and Portarlington Pharmacy.

Additional Details

AddressUnitAccommodationSq. mSq. ftLease termsRent p.a.
Huguenot HouseStudio ApartmentResidential36387

Vacant

Huguenot HouseStudio ApartmentResidential33355Vacant
Huguenot HouseStudio ApartmentResidential33355Vacant
Huguenot House1 bedroom ApartmentResidential35376Vacant-
Huguenot House1 bedroom ApartmentResidential37398

Informal tenancy

€9,600
Huguenot House1 bedroom ApartmentResidential37398Vacant-
Huguenot House1 bedroom ApartmentResidential37398Informal tenancy€9,600
Huguenot HouseCobblerRetail21226Informal tenancy€2,560
Huguenot HouseBarbersRetail20215

Informal tenancy

€2,560
Huguenot HouseSeamstressRetail26279Informal tenancy€3,649
Wellington House3 bedroom ApartmentResidential85915Vacant
Wellington House3 bedroom ApartmentResidential85915Informal tenancy€5,760
Wellington House3 bedroom ApartmentResidential85915Informal tenancy€9,600
Wellington House1 bedroom ApartmentResidential49527Vacant
Wellington House1 bedroom ApartmentResidential53570Vacant
Wellington House1 bedroom ApartmentResidential53570Informal tenancy€4,560
Wellington CourtBeauty SalonRetail61656Informal tenancy€7,800
Wellington Court2 bedroom ApartmentResidential68732Vacant
Wellington Court2 bedroom ApartmentResidential80861Vacant
Wellington Court2 bedroom TownhouseResidential48516Informal tenancy€9,600
Total  947 sqm10,193 sq ft €65,289

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

VAT

Please refer to Legal Documents

Additional Information

Please ensure that you have registered and paid your Bidder Security via bank transfer in good time before the auction so that we can ensure you are approved to bid.  

Important: We do not accept Same Day / Urgent payments. 

Payments must be standard SEPA payments. If you are making a payment from outside Europe (e.g. SWIFT payment), please contact us in advance. 

BER Rating

C1 - G

BER Identification Number

Available from BidX1

Energy Performance Indicator

Available from BidX1

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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