O'Donnellan & Joyce are delighted to offer this lucrative investment property to the market. Tom Barry House comprises of a strong income generating four storey mixed used building. The entire development comprises of apartments, office accommodation and ground floor retail units. The property being offered for sale comprises of 5 Ground Floor Retail units, storage unit, refuse store, first floor office space & 4 apartments, 3 two bedrooms & 1 one bedroom apartment.

Tom Barry House is strategically located on Main Street Clifden, approximately 50m from the Square. Neighbouring tenants include Bank of Ireland, AIB, Alcock & Brown Hotel, Supervalu, and Guy's Bar & Restaurant.

Threes of the ground floor retail units are currently let and the remaining two are currently vacant and ready to be let. The apartments are currently being used as short term lets in the peak season and produce a strong rental yield.

Ground floor is let to Paddy Power PLC under a 10 year lease from April 1 2004 and a subsequent deed of variation dated 9 February 2011 where the rent was reviewed and agreed for 5 years from April 1 2014 at 18,000 per annum.

Ground floor unit let on a rolling contract to Cormac Dooley Architects for 2,600 per annum.

First Floor office accommodation let to Kevin Barry & Company on a 10 years lease from January 1 2013, rent reviewed to the current rent of 5,200 per annum in July 2014.

The four apartments are vacant and used as short term lets which generate a high income of 5,000 per annum per apartment after costs.

This is a unique opportunity to acquire an investment property in one of the most popular tourist destinations in the West of Ireland.

Sale is subject to VAT



Features
-Rental income of 45,800 per annum
-Tenants not affected
-Strategically located on