Fix it up: A retail conversion prospect in Edgeworthstown
What is it? The Tiger years saw combined apartment and retail schemes like Wolfe Tone Court off Church Street in Edgeworthstown pop up in every town. But the crash and the impact of online shopping saw shops in many retail streets struggling. Longford County Council is among those to see that residential conversions are required.
Tell me more about the place...
A&S Stitching, an alterations outlet, has occupied one of the five ground floor units. Now the open-plan 550 sq ft unit is being sold with permission for conversion.
The good news?
A two-bed apartment is possible here with access to parking at the back and its own door to the street. Neighbouring units have already undergone conversion so a precedent has been set. Edgeworthstown is 10-minutes drive from Longford Town and near booming Ballymahon.
And the bad news?
The owner applied for a one-bed apartment conversion, which presumably can be changed to two-bed by reapplying. It will need partitioning, a new kitchen and a new bathroom.
How much to buy it?
The property is on offer at €50,000.
And to fix it up?
Between €15,000 and €20,000 should be enough to get a good basic job done.
What will I end up with?
An own door apartment to live in, or to rent out at a likely €500 to €600 per month.
Who do I talk to?
Bernard O'Neill of O'Neill McHugh (043) 6672888 will get you patched in.