Landmark commercial investment property on market in Castlerea

New to the market this week, through Carthy & Associates Real Estate Alliance, is a substantial commercial and residential investment property.  Located opposite Market Square, in the thriving Town of Castlerea – the 2 nd largest town in County Roscommon, the subject property itself holds ‘Landmark Status’ in terms of its profile within the town.  Located at Barrack Street, directly opposite Bank of Ireland and adjoining the Mace Supermarket, the subject property is a modern building of concrete block construction, hollowcore floors and benefits from recently being re-roofed. Comprising of a high quality retail unit extending to an area of c. 300 sq.m at ground floor with a further 115 sq.m of commercial space at first floor and 2 no. Apartments overhead, this excellent property investment has an ERV of €60,000 per annum.   The entire ground floor is let to an excellent tenant covenant – T/A Hayes Pharmacy, under a long term lease, 20 yrs 6 months of which 19 yrs are unexpired at a rent of €40,000 per annum and there is also no break option in the lease. There is immediate potential to increase income through letting of commercial space at first floor and apartments.  Each Apartment is being sold fully furnished, have there own independent access and have being consistently let over the years.   The property is for sale by Private Treaty at present and further details are available from sole selling agents Carthy & Associates Real Estate Alliance.  Contact Seamus Carthy on 094 9625990 for further details.