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Donegal Portfolio, Letterkenny, Co. Donegal

  • Auction
  • Lot 345
  • Ireland
  • Mixed Use
  • Commercial

Sold Prior

This property did not go for auction

Property Summary

  • A mixed use portfolio of investment property.
  • Comprising a wide mixture of commercial and residential property.
  • Situated between Letterkenny and Falcarragh.
  • 93 x units in total.
  • Significant reverionary potential. 
  • Total current rent passing €423,116.04 per annum* with vacant possession of 30 x units.

Contact Us

Thomas O'Dowd
Thomas O'Dowd
Property Agent, here to help.
Naomi O'Connor
Vendor's Solicitor

Contact Us

Thomas O'Dowd
Thomas O'Dowd
Property Agent, here to help.
Naomi O'Connor
Vendor's Solicitor

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Description

The property is arranged to provide a portfolio of commercial and residential property. The property is an ideal investment opportunity with significant reversionary potential. 

For further information and full property information please contact Thomas O'Dowd

 

Location

  • Letterkenny is the largest town in Co. Donegal with a population of some 19,500 people (as of the 2016 Census).
  • The town is situated close to the border with Northern Ireland, approximately 48km north east of Donegal town centre.
  • Letterkenny is connected to Donegal Town and Derry via the N13 national secondary route.
  • The property is located in a number of locations in Letterkenny and Falcarragh including Upper Main Street, Pearse Road, and Academy Court.

Tenancy

Please refer to legal documents

Property Table

AddressProperty TypeDescriptionNo. of occupied unitsNo. of vacant unitsTotal Current Rent Reserved € p.a.
  Total6330€423,116.04 p.a.*
Waves of Tory, LetterkennyMixed1 x retail unit together with 6 x apartments 34€11,640 p.a.
McKendrick Place, LetterkennyRetail / Office4 x retail units together with 7 x overhead offices92€107,000 p.a.
Academy Court, LetterkennyRetail17 x retail units over two storeys116€74,455.84 p.a.
Radharc na Erraigal, FalcarraghResidential6 x dormer bungalows (3 x units unfinished) 24€10,400 p.a.
11 Upper Main Street, LetterkennyCommercial1 x retail unit together with 2 x offices overhead21€12,000 p.a.
23 houses and lands at The Forest / The Woods, Ballymacool, LetterkennyResidential6 detached houses, 17 semi detached houses, residential development land and common areas.149€80,887.80 p.a.
Units 1- 4 Pearse Road, LetterkennyWarehouse4 x warehouse units40€29,800 p.a.
Commercial Units at Pearse Road, LetterkennyRetail / Office8 x retail units, 7 x office units and 1 x residential apartment151€81,532.48 p.a.
Dobson House, Upper Main Street, LetterkennyMixed1 x retail unit together with 3 x apartments31€15,400 p.a.
48 acres at Clonmass (DL56745F), Marblehill, DunfanaghyLand48 acres of landN/AVacant-

 

*Please Note that we have been informed by the Vendor that the current rent received is €306,095.14 per annum. For the full table of information please contact Thomas O'Dowd

VAT

Please refer to Legal Documents

BER Rating

C2 - E2

BER Identification Number

Available From Bidx1

Energy Performance Indicator

190.65 kWh/m²/yr - 472.49 kWh/m²/yr2.35

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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