|Address||Carnmore Dungloe, Donegal, F94 C5HP|
|Price||Last listed at Guide price €225,000|
|PSRA License No.||002755|
We are delighted to bring to the market this fantastic investment opportunity in the form of a mixed use building with strong rent roll income offering a gross yield of 8%.
Formerly used as a hostel, it has traded as an Indian take away with some sit in capacity (but has not traded since Covid times) on the ground floor and living accommodation on the first floor, the subject property occupies circa 0.13 acres and is located on a very high profile and busy roundabout on Carnmore Road and enjoys some off street parking. The building is a modern cavity wall construction with uPVC windows and doors and pitched slate roof with gable and Velux windows. The ground floor extends to approx. c.1,765 sq. ft. and the first floor measures c.1,377 sq ft thus totaling c.3.142 sq. ft.
The entire is rented to one tenant currently on a 4 year 9 month lease which commenced 1st March 2019. There is a clause that should the purchaser wish for vacant possession then this can happen or should the new purchaser which to renegotiate the lease then this can happen also.
To obtain further information then please contact our office on 074 91 90090.