Charville Road, Tullamore, Co. Offaly

An exceptional opportunity to acquire a substantial industrial and commercial facility comprising approx. 58,400 ft2. of warehouse and office space on 5.57 acres of zoned mixed-use town centre lands, ideally located opposite Tullamore Train Station and within walking distance of the town centre. Currently operating as a bonded warehouse, the property is fully let on a 4-year lease generating a strong rental income of €320,000 per annum, with the current tenant occupying the property since 1990 making this an ideal income-producing asset with significant future development potential. Key Investment Highlights -Total Floor Area: Approx. 58,400 ft2 including warehouse, offices, and ancillary buildings -Current Use: Bonded warehouse facility fully operational -Income: €320,000 (4-year lease in place) -Site Area: Approx. 5.57 acres with mixed-use zoning, offering future development potential -Strategic Location: - Opposite Tullamore Train Station - Close proximity to Tullamore Town Centre and key transport links -Construction: - Steel frame structure with concrete floors - Block walls with plaster finish - Pitched roofs and extensive hardstanding Accommodation Overview Building 1 - Offices (2 Floors) approx. 6,200 ft2 - Warehouse A approx. 28,200 ft2. - Warehouse B approx. 14,000 ft2 - Warehouse C approx. 3,000 ft2. Building 2 Warehouse/Workshop approx. 4,000 ft2 Gate Lodge approx. 240 ft2 Covered Loading Area approx. 2,800 ft2 Total Warehouse Space Utilised: Approx. 49,000 ft2 Special Features - Fully operational bonded warehouse facility - Offices to front over two floors (require modernisation) - Gate lodge at entrance - Outdoor car parking and yard space - Workshop and loading facilities - Strong physical infrastructure: steel frame, concrete floors, block walls - Zoned Mixed Use suitable for a variety of future commercial or residential schemes Development & Upside Potential With its central location, substantial landholding, and zoned designation, this property not only delivers solid current income, but also presents an excellent opportunity for redevelopment, expansion, or repositioning in the medium to long term. 11.4.1 Town Centre / Mixed Use The purpose of this zoning is to maintain the vitality and viability of the existing town centre by developing and consolidating it with an appropriate mix of commercial, recreational, cultural, amenity and residential uses. Development proposals should be of a use, scale, form and design that accords with the role, function and size of the town. A diversity of uses for both day and evening is encouraged. These areas require high levels of accessibility, including pedestrian, cyclist and public transport (where feasible). Retail provision will be in accordance with Chapter 3 Town Centre and Regeneration. Land Use Zoning Objective Town Centre / Mixed Use It is an objective of the Council to: LUZO-02: Provide for, protect and strengthen the vitality and viability of the town centre, through consolidating development, encouraging a mix of uses and maximising the use of land, to ensure the efficient use of infrastructure and services.