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€650,000 Sale Agreed
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Avondale House
Convent Row
Maynooth
Co Kildare
W23 T628
Description
A superb, easily managed residential / retail investment property in the heart of the university town of Maynooth (existing tenants not effected) which is ideal for a self-administered pension.
The fine, well appointed two storey end of terrace building extends to approx. 258 sqm overall and includes 3 no. ground floor retail units and 2 no. first floor ‘own-door’ 2 bedroom apartments. The current annual rent roll is approx. €58,800. The three ground floor retail units are occupied by long term tenants and include the successful Moulin Rougue Boutique, Glamour Beauty & The Village Barber. On the first floor there are two good sized 2-bedroom apartments, each with own-door access. Accommodation in each includes; 2 bedrooms, open plan kitchen / living room & bathroom.
The said property occupies a prominent position on Covent Row and the corner of the Back Lane, just off Main Street, Maynooth, opposite the Presentation Girls School, and adjacent to the entrance to Carton Avenue – the magnificent tree lined avenue with provides a pedestrian link from Maynooth town centre to Carton House Hotel & Golf Resort.
Maynooth is a vibrant, expanding university town, well established within the commuter belt with an estimated population of approx. 18,000. The town has experienced tremendous growth in recent years both in terms of commercial and residential development and is now regarded as the premier residential location in North Kildare. Maynooth University currently has an enrolled student population of more than 15,000 students.
The Main Street is the primary commercial thoroughfare in Maynooth and is home to a number of occupiers including Supermac's, Londis, AIB and Permanent TSB. There are also a number of other very successful eateries in the town, including; Donatello’s, Picaderos, The Avenue, Bistro 53, Ely & Stone Haven, which have helped Maynooth to become known as the ‘culinary capital of North Kildare’. Other high-profile retailers situated in the town include Tesco, Aldi, Boot's, SuperValu and Dunnes Stores.
Property Description
Apartment 1 2 bedroom ‘own-door’ first floor apartment - Approx. 70 sqm
Apartment 2 2 bedroom ‘own-door’ first floor apartment - Approx. 60 sqm
Commercial Units
Retail Unit 1 Boutique Approx. 29 sqm
Retail Unit 2 Beauty Salon Approx. 51 sqm
Retail Unit 3 The Village Barber Approx. 46 sqm
Seldom does the opportunity arise to purchase an easily managed fully let investment opportunity of this size and in scale in one of the best towns in Leinster and all enquiries are welcome.
Detailed breakdown of Lease terms & rent roll available on request.
Title;
Clean marketable freehold title
Services;
All main services
Heating;
Gas / oil & electric
BER Information
BER Number: 800969677
Energy Performance Indicator: 423.63 kWh/m²/yr
About the Area
Maynooth is a university town in north County Kildare, home to a branch of the National University of Ireland, a Pontifical University and Ireland's main Roman Catholic seminary, St Patrick's College. Maynooth is also the seat of the Irish Catholic Bishops' Conference and holds the headquarters of Ireland's largest development charity, Trócaire.
A quaint town with a wealth of stunning historical buildings (including the Pontifical University), this town has a number of bars, restaurants and shops, as well as a Tesco supermarket.
Maynooth is located on the R148 road between Leixlip and Kilcock, with the M4 motorway bypassing the town. Other roads connect the town to Celbridge, Clane, and Dunboyne. Maynooth is also on the Dublin to Sligo rail line and is served by a commuter train service.
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Help To Buy Scheme
The property might qualify for the Help to Buy Scheme. Click here to see our guide to this scheme.
First Home Scheme
The property might qualify for the First Home Scheme. Click here to see our guide to this scheme.