SUPERB RESIDENTIAL/COMMERCIAL TOWN CENTRE INVESTMENT OPPORTUNITY

LOCATION

The subject property occupies a high profile prominent trading position in the heart of Ballyvaughan.

The subject property is situated on the main crossroads between the N67 Kinvara/Lisdoonvarna National Secondary Road and the R477 Ballyvaughan/Fanore regional road.

Ballyvaughan is uniquely located, on the Wild Atlantic Way, along the northern fringe of The Burren and fronting the south side of Galway Bay.

Ballyvaughan takes full advantage of its picturesque coastal location and is within a short drive of a number of attractions including Aillwee Caves, The Cliffs of Moher, The Aran Islands and famed towns and villages like Doolin, Lisdoonvarna, Lahinch, Liscannor and Miltown Malbay.

Ballyvaughan feature a number of commercial activity including Burren College of Art, Hylands Hotel, The Wild Atlantic Lodge, Burren Atlantic Hotel, Monks Bar & Restaurant, Spar and an array of pubs, restaurants and bed and breakfasts.

DESCRIPTION

The subject property comprise a purpose built 2 storey building accommodating 2 ground floor shops, 4 duplex residential units and two first floor apartments.

The property is available in three lots.

Lot 1 comprises a ground floor shop together with a one bedroom apartment overhead, fronting Main Street.

Lot 2 also fronts Main Street and it comprises a two bedroom duplex apartment, a ground floor takeaway with apartment overhead.

Lot 3 is located within an internal courtyard and features 2 one bedroom two storey units and 1 two bedroom two storey unit.

TENANT SCHELDUE/FLOOR PLANS

Property Annual Rent Size

Lot 1

Shop Unit 3 (Vacant) Vacant 31.77 sq mtrs

Overhead
1-bedroom apartment (No. 6.) Rented 43.79 sq mtrs

Lot 2

Shop Unit 1 (Kebab Takeaway) Rented 36.95 sq mtrs

With 2 bedroom apartment 43.30 sq mtrs
overhead

Townhouse Unit No. 2 (2 bedrooms) Rented 61.84 sq mtrs

Lot 3

Townhouse unit no. 3 (2 bedrooms) Rented 67.36 sq. mtrs.
Townhouse unit no. 4 (1 bedroom) Rented 30.74 sq. mtrs.
Townhouse unit no. 5 (1 bedroom) Rented 30.74 sq. mtrs.

BER DETAILS

BER:- Range C3 to F.

BER Certificates & Advisory Reports available upon request.

SPECIAL FEATURES

* High profile prominent location
* Well constructed modern building
* Attractively priced lot sizes.
* Ideal for short, medium and long term investment or for pension fund.
* Priced to sell.

ASKING PRICES

Lot 1 110,000. Lot 1 has the potential of converting the ground floor retail shop into bedsit unit. This would provide an income of up to 11,000 per annum. Giving a potential yield of 9.5%.

Lot 2 With an asking price of 215,000 this investment represents a return of just under 9% per annum after costs.

Lot 3 With an asking price of 170,000 this reflects a return of 10% per annum.