Lot 5612065, Avondale House, Convent Row, Maynooth, Co. Kildare, W23T628

Available From: Immediately For Sale By Online Auction at 12 noon on April 18th 2024

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