Mixed Use Development at French Church Street, Por... - BidX1

Guide Price €950,000

Closing Time: To Be Confirmed

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Auction

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

Auction
Lot 18
Ireland
Mixed Use
Commercial

Guide Price €950,000

Bidder Security €10,000 *fully refundable if unsuccessful bidder

Register to Bid

Auction Date 21 November

Bidding Opens 10:30 (GMT)

Bidding Closes To be Confirmed

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.

robert.hefferon@bidx1.com

+353 (0) 87 145 4501

Legal Contact

Gerard ODonoghue

Vendor's Solicitor

Contact Us

Robert Hefferon

Robert Hefferon

Property Agent, here to help.

robert.hefferon@bidx1.com

+353 (0) 87 145 4501

Legal Contact

Gerard ODonoghue

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.

Address	Unit	Accommodation	Sq. m	Sq. ft	Lease terms	Rent p.a.
Huguenot House	Studio Apartment	Residential	36	387	Vacant	-
Huguenot House	Studio Apartment	Residential	33	355	Vacant	-
Huguenot House	Studio Apartment	Residential	33	355	Vacant	-
Huguenot House	1 bedroom Apartment	Residential	35	376	Vacant	-
Huguenot House	1 bedroom Apartment	Residential	37	398	Informal tenancy	€9,600
Huguenot House	1 bedroom Apartment	Residential	37	398	Vacant	-
Huguenot House	1 bedroom Apartment	Residential	37	398	Informal tenancy	€9,600
Huguenot House	Cobbler	Retail	21	226	Informal tenancy	€2,560
Huguenot House	Barbers	Retail	20	215	Informal tenancy	€2,560
Huguenot House	Seamstress	Retail	26	279	Informal tenancy	€3,649
Wellington House	3 bedroom Apartment	Residential	85	915	Vacant	-
Wellington House	3 bedroom Apartment	Residential	85	915	Informal tenancy	€5,760
Wellington House	3 bedroom Apartment	Residential	85	915	Informal tenancy	€9,600
Wellington House	1 bedroom Apartment	Residential	49	527	Vacant	-
Wellington House	1 bedroom Apartment	Residential	53	570	Vacant	-
Wellington House	1 bedroom Apartment	Residential	53	570	Informal tenancy	€4,560
Wellington Court	Beauty Salon	Retail	61	656	Informal tenancy	€7,800
Wellington Court	2 bedroom Apartment	Residential	68	732	Vacant	-
Wellington Court	2 bedroom Apartment	Residential	80	861	Vacant	-
Wellington Court	2 bedroom Townhouse	Residential	48	516	Informal tenancy	€9,600
Total			947 sqm	10,193 sq ft		€65,289

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

Address	Unit	Accommodation	Sq. m	Sq. ft	Lease terms	Rent p.a.
Huguenot House	Studio Apartment	Residential	36	387	Vacant	-
Huguenot House	Studio Apartment	Residential	33	355	Vacant	-
Huguenot House	Studio Apartment	Residential	33	355	Vacant	-
Huguenot House	1 bedroom Apartment	Residential	35	376	Vacant	-
Huguenot House	1 bedroom Apartment	Residential	37	398	Informal tenancy	€9,600
Huguenot House	1 bedroom Apartment	Residential	37	398	Vacant	-
Huguenot House	1 bedroom Apartment	Residential	37	398	Informal tenancy	€9,600
Huguenot House	Cobbler	Retail	21	226	Informal tenancy	€2,560
Huguenot House	Barbers	Retail	20	215	Informal tenancy	€2,560
Huguenot House	Seamstress	Retail	26	279	Informal tenancy	€3,649
Wellington House	3 bedroom Apartment	Residential	85	915	Vacant	-
Wellington House	3 bedroom Apartment	Residential	85	915	Informal tenancy	€5,760
Wellington House	3 bedroom Apartment	Residential	85	915	Informal tenancy	€9,600
Wellington House	1 bedroom Apartment	Residential	49	527	Vacant	-
Wellington House	1 bedroom Apartment	Residential	53	570	Vacant	-
Wellington House	1 bedroom Apartment	Residential	53	570	Informal tenancy	€4,560
Wellington Court	Beauty Salon	Retail	61	656	Informal tenancy	€7,800
Wellington Court	2 bedroom Apartment	Residential	68	732	Vacant	-
Wellington Court	2 bedroom Apartment	Residential	80	861	Vacant	-
Wellington Court	2 bedroom Townhouse	Residential	48	516	Informal tenancy	€9,600
Total			947 sqm	10,193 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

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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

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Energy Performance Indicator

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FAQs

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*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.