Imperial House, Main Street,Abbeyleix, Co. Laois

PRIME TOWN CENTRE MIXED USE INVESTMENT

A modern prime town centre mixed use investment property in Abbeyleix, Co. Laois. The subject site is situated in the centre of Abbeyleix Town just off Market Square superbly located within easy walking distance of all amenities.

Abbeyleix is a medium sized town located 14km from Portlaoise on the old N8 Dublin to Cork National Primary Route. Abbeyleix has a thriving local community including shops, pubs, Hotel and restaurants and plenty of amenities to include Golf, GAA, Soccer, Athy Rowing and Tennis to name a few. Abbeyleix has a district hospital in the town, two schools and a vocational centre along with other essential services and facilities. Commuters have the benefit of easy access to the M7 Motorway at Portlaoise and a regular rail service in Portlaoise train station on the Dublin to Cork and Dublin to Limerick intercity route, with approximately 32 trains per day travelling to Dublin.

The property comprises a modern purpose built two storey mixed use building constructed in c. 2006 extending to c. 356.10 sq.m. (3,833 sq.ft.). The building provides a ground floor commercial unit currently trading as a Chinese Restaurant & Take away with 3 no. of 2 bedrooms apartments overhead. The property has the benefit of 7 car parking spaces to the rear. The Chinese Restaurant is fully fitted out in accordance with its use and provides reception, take away, restaurant, toilet block, kitchen, cold stores, storage and staff w.c. The 3 apartments with their own separate access generally provide kitchen/dining/sitting room, 2 bedrooms and family bathroom.

The entire is currently generating a rental income of €40,800 per annum which equates to an initial yield of 11% on the guide price with further potential to increase the rental income on the residential units. The subject site is zoned ‘Town Centre’ in the Laois County Development Plan 2017 - 2023.