Description
Mixed-Use Investment Opportunity, River Street, Clara, Co. Offaly
DNG Kelly Duncan is delighted to present this prominent mixed-use investment opportunity to the market, ideally situated on River Street in the heart of Clara, Co. Offaly.
The property comprises a ground-floor takeaway restaurant with customer service area, commercial kitchen facilities, cold storage, toilet facilities, and extensive ancillary storage accommodation to the rear. The first floor provides spacious residential accommodation consisting of three double bedrooms and a family bathroom, offering an excellent opportunity for owner-occupiers, investors, or those seeking a live-work arrangement.
Externally, the property benefits from valuable right-of-way access to a substantial rear yard, providing ample off-street parking together with a detached storage unit extending to in excess of 50 sq.m., offering excellent additional storage, workshop, or business-use potential, subject to any necessary consents.
Clara is a thriving Midlands town located approximately 12km north-west of Tullamore and benefits from a wide range of amenities including primary and secondary schools, supermarkets, cafés, restaurants, healthcare facilities, sporting clubs, and recreational amenities. The town enjoys excellent transport connectivity, with Clara Railway Station situated on the DublinGalway rail line, providing regular services to Dublin Heuston, Athlone and Galway. Clara's strategic location within the Midlands, coupled with its strong local community and expanding residential population, continues to support commercial activity and investment demand.
The town serves a substantial surrounding rural hinterland and has established itself as an important service centre within County Offaly. Its accessibility, growing population, and proximity to Tullamore make it an attractive location for both residential and commercial investment.
This versatile property presents a rare opportunity to acquire a substantial mixed-use premises in a central and highly accessible location, offering significant potential for owner-occupiers and investors alike.
The property is currently let under a 10-year lease agreement dated 23rd March 2024 and is producing a rental income of 2,500 per month, equivalent to 30,000 per annum.
The property is available for purchase with the benefit of the existing tenancy in place, providing an immediate income-producing investment, or alternatively with vacant possession, subject to agreement.
Viewing is strictly by appointment through sole selling agents DNG Kelly Duncan who can be contacted on 057 93 25050. Accommodation
Restaurant/Take Away - 5.03m x 5.54m
Kitchen - 6.19m x 8.43m
Inner Hallway - 1.26m x 1.04m
Staff Toilet - 1.77m x 1.34m
Store Room - 5.01m x 3.37m
Entrance Hallway - 1.02m x 0.95m
Landing - 1.13m x 7.55m
Bedroom 1 - 4.16m x 3.17m
Bedroom 2 - 4.16m x 2.94m
Bedroom 3 - 3.51m x 2.75m
Bathroom - 1.84m x 2.58m
Features
- Prime Town-Centre Location On River Street
- Established Commercial Premises With Excellent Profile And Visibility
- Spacious Three-Bedroom Residential Accommodation Overhead
- Valuable Mixed-Use Investment With Potential For Dual Income Streams
- Rear Vehicular Access And Generous Off-Street Parking
- Detached Storage Unit Extending To Over 85 Sq.M.
- Suitable For Owner-Occupiers, Investors, Or Those Seeking A Live-Work Opportunity
- Strong Local Catchment Area Serving Clara And The Surrounding Hinterland
- Excellent Rail Connectivity To Dublin, Athlone And Galway
- Rare Opportunity To Acquire A Property Combining Commercial, Residential And Storage Accommodation On A Single Site
BER Details
BER: G
BER No: 112338645
Energy Performance Indicator: 553.8 kWh/m2/yr Negotiator
