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Auction
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Mixed Use Development at Kilbride Street, Tullamore, Co. Offaly

  • Auction
  • Lot 40
  • Ireland
  • Mixed Use
  • Commercial

Guide Price €475,000

Bidder Security €7,000 *fully refundable if unsuccessful bidder
Register to Bid
Auction Date 21 November
Bidding Opens 10:30 (GMT)
Bidding Closes To be Confirmed

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Property Summary

  • Mixed use town centre investment opportunity.
  • Comprising a mix of ground floor retail units and public house together with 2 x 2 bedroom apartments overhead.
  • Contained within part of folio OY23680F
  • Total floor area extending to approximately 684 sqm (8,715 sq ft).
  • Ample surface car parking to the front.
  • Town centre location.
  • Current rent reserved €33,540 per annum.
  • Gross yield 7.06% with significant reversionary potential.
  • Vacant possession of 2 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
god@wodlaw.ie
3530868244840

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
god@wodlaw.ie
3530868244840

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Property description

The property comprises a mixed-use commercial development situated within Tullamore town centre in Co Offaly. The property is arranged to provide a mix of ground floor retail units and public house together with 2 x 2 bedroom apartments at first floor level,  the property is contained within part of folio OY23680F. The property also benefits from the provision of ample off street parking to the front.

The subject property is situated on the western edge of the town centre on Kilbride Street and backs onto Kilbride Park. Notable occupiers within the town include Boots Pharmacy, The Bridge House Hotel, AIB, BOI and the many more occupiers in The Bridge Shopping Centre.

Tenancy

Please refer to legal documents

Additional Details

 

 Unit/AccommodationSq. m Sq. Ft.Occupancy Rent (€ p.a.)
1Retail100 sq. m 1,076 sq. ft.Let to an individual t/a Tullamore Cleaners on an informal tenancy basis€13,000
2Retail 64 sq. m 688 sq. ft.Let to an individual t/a Hairoholics Hair Salon on an informal tenancy basis€7,540
3Retail 52 sq. m 559 sq. ft.Vacant -
4Public House 378 sq. m 4,068 sq. ftLet to an individual t/a The Lantern Lounge & Bar on an informal tenancy basis€13,000
62 Bedroom Apartment 126 sq. m 1,356 sq. ft.Vacant -
72 Bedroom Apartment 90 sq. m 968 sq. ft.Vacant-
Total  684 sq. m 8,715 sq. ft. €33,540

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

B2 - E1

BER Identification Number

Available from BidX1

Energy Performance Indicator

Available from BidX1

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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.

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