Imperial House, Main Street, Abbeyleix, Co. Laois
€370,000
Sold - Investment Property - 356.1 m² / 3833 ft²
€370,000
Sold - Investment Property - 356.1 m² / 3833 ft²
€370,000
Sold - Investment Property - 356.1 m² / 3833 ft²
IMPERIAL HOUSE, ABBEYLEIX
FEATURES
Price: €370,000
Area: 356.1 m² / 3833 ft²
Status: Sold
Property Type: Investment Property
Generating a rental income of €40,800 per annum.
Potential to increase rental income.
Property is fully let with benefit of 7 car parking spaces to the rear.
Town Centre Location
LOCATION
Imperial House, Main Street, Abbeyleix, Laois
DESCRIPTION
The property comprises a modern purpose built two storey mixed use building constructed in c. 2006. 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 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.
TENANCY
Ground Floor – Chinese Restaurant: Property is let on a 10 year lease from 1st January 2018 to Brilliant Castle Ltd t/a Jade Palace Chinese Restaurant. The passing rent is €28,800 per annum. The tenant is liable to pay the commercial rates.
FIRST FLOOR - 2 APARTMENTS
The 3 apartments are let on an informal basis currently generating an income of €12,000 per annum for the entire. The tenants have been in situ since 2017.
ZONING
The property is located within an area zoned “Town Centre” under the Laois County Development Plan 2017 – 2023
TITLE
Freehold
BER Details
Chinese Restaurant: D1 (800651671)
Apartment 1: E2 (111352316)
Apartment 2: F (111352340)
Apartment 3: E2 (111352399)
RATES
Chinese Restaurant: €2,203.69
