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For sale by Clement Herron Real Estate via the iamsold Bidding Platform
Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
We are delighted to present this superb investment property, with recent renovations, to the market.
This property offers a unique blend of commercial and residential spaces, brimming with potential for investors. The property features a small office space at the front, an old butcher shop primed for renovation, and four apartments - three 2-bedrooms and one 1-bedroom - currently in the first fixing stage for electrical and plumbing. These units have been thoughtfully drylined and newly insulated, enhanced by beautiful new sash windows that complement the property's charm.
Situated on the main street, the property gains an advantageous visibility and potential footfall traffic, which can significantly benefit the small office space. Moreover, its central location adds to its allure for potential renters or apartment buyers.
The commercial space holds versatility, suitable for various purposes like a retail store, service business, or even conversion into another apartment. Consider the demand for such spaces in the area and how adaptable the space is for diverse businesses. Notably, no grants have been applied to this property, providing new owners with the chance to leverage this aspect. Furthermore, the commercial units at the front offer potential for residential conversion, considering their disuse for over two years.
The extensive back area features a stone surface and offers a myriad of potential uses. It is suitable for residential development, parking, a communal outdoor space for tenants, or even creative uses like glamping, given its prime location in the town center.
This property holds immense potential for generating rental income and capital appreciation. The rising popularity of Mountrath as a residential destination, combined with its strategic location on the main street, ensures a steady influx of potential tenants and buyers.
Seize this exceptional opportunity to own a piece of Mountrath's vibrant main street. Contact us today to arrange a viewing and explore the immense potential that this investment property holds.
TO VIEW OR MAKE A BID Contact Clement Herron Real Estate or iamsold, www.iamsold.ie
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Building Energy Ratings (BERs) give information on how to make your property more energy efficient and reduce your energy costs. All properties bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.
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A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €4,500.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
