Business Irish

Saturday 24 February 2018

Opportunity in Balbriggan town

A mixed use investment property in Balbriggan town centre is being offered for sale and might achieve more than €950,000. It includes five shops and 10 residential units with the potential for rental income of €178,000 when fully let, as well as a site with development potential.

Set on a 0.7 acre site at Drogheda St, the properties include: No. 6, a single storey end-of-terrace property accommodating two units, one of which is occupied by Bracken Cabs and the other is vacant: No. 8, a two storey end-of-terrace building where the ground floor is occupied by an Indian restaurant; Nos 10/12, a mid terrace commercial building laid out over three floors with two retail units at ground level let to O'Neill Opticians and The Main Street Coffee Co with 10 residential units spread over three floors. The residential units are also let out and generating an average of €600 in rent per month.

Joint agents Lisney and Cumiskey Real Estate Alliance say that the vendors are prepared to consider separate sales No 6 and of the 0.35 acre site to the rear of the property which has development potential.

Indo Property

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