Hall Street, Ballybay, Co. Monaghan, A75XK19

Description Larmer Property Consultants are delighted to introduce to the market, an fantastic opportunity to acquire this mixed-use commercial / residential premises located along Hall Street in Ballybay Town. This property is located in the heart of Ballybay Town, nestled perhaps on a quiet street , stands a structure that, at first glance, might seem an anachronism: an garage with a lower level of storage space, intimately attached to a residential dwelling, each with its own separate entrance with attached commercial unit formerly known as "Coach Builder Workshop". The practical layout of the property-a garage at street level with an additional storage space below-offers a remarkable degree of versatility. This dual-level design immediately suggests a multitude of possibilities, far exceeding that of a simple single-story unit. This garage design lies beneath the surface, accessed by stairs into the basement. The basement is in need of refurbishment, but offers a unique and exciting opportunity for those looking to establish a business. This lower level could be a mechanic's dream, a dedicated realm where serious automotive work could be undertaken with unparalleled access and efficiency. To the rear of the property there is an expansive yard, a truly exceptional asset, this generous outdoor provided endless possibilities while benefiting from the serene backdrop of the Dromore River. The proximity to the river offers a calming influence and potential for scenic views or even scope for further development (subject to planning permission). The sheer size of the yard differentiates this property from typical town centre offerings. The residential unit, despite its attachment to the garage, is a significant advantage. Its own front door grants it autonomy, allowing for separate access and potentially, separate occupancy or purpose from the commercial space. The traditional layout of the living room at ground level, bedroom and bathroom on the first floor & kitchen in basement provides a familiar residential canvas, even if it is currently in a state that requires a full renovation. To the side of the property is another commercial property a former coach builder workshop, once a bustling centre of equine and transport industry, now standing in need of repair, its very fabric hinting at dual functions across its two floors.This upper level is the living or administrative quarters directly linked to the workshop. Refurbishment Grant (up to €50,000, or up to €70,000 if confirmed derelict) offered by the Irish government. This substantial financial incentive can significantly offset renovation costs, making this an even more attractive investment. (Eligibility criteria apply; buyers are advised to investigate further with Monaghan County Council, particularly regarding the commercial aspects and potential for residential conversion.) Viewing highly recommended. Contact Larmer Property to book your viewing today. Accommodation 1. Garage Ground Floor : Former Garage / Discount Store / Solid Fuels Store Measuring: 139 Sq.Mtrs. Garage Basement Floor: Storage Measuring: 139 Sq. Mtrs. 2. 1 No. Bedroom Townhouse Accommodation: Living Room, 1 No. Bedroom and Bathroom and Kitchen BER Rating : G 3. Riverside Building - Top Floor - Former Coach Workshop Measuring: 60.60 Sq.Mtrs. Riverside Building - Basement Floor - Former Coach Workshop Measuring: 60.60 Sq.Mtrs. Features Mixed Commercial / Residential Investment Property Expansive yard with vehicle access from the meeting hall lane. Scenic views over the river Dromore Suitable for a variety of commercial uses. Substantial 50,000 to 70,000 grants available to renovate this property type Priced to sell in this affordable price bracket. BER Details BER: G Directions Property located along Hall Street in Ballybay Town or Eircode A75 XK19. Viewing Details By appointment with Larmer Property Proof of Funds Before we can take and offer on a property, we need to have had sight of proof of funds. This is simply, as the term suggests, proof that the buyer has the financial means to complete the transaction at the amount of his/her offer. There are a number of means by which someone can finance the purchase of a transaction and equally a number of methods by which proof of funds can be conveyed to an agent. Examples of Proof of Funds: Cash + Mortgage Approval from a Financial Institution (mortgage buyers): This is the most common proof of funds for those financing a transaction partly with cash and partly with a mortgage. To prove a cash balance, a bank statement or screenshot of same will be acceptable. Alternatively an email from a bank official confirming that a sufficient bank balance is in place is acceptable. To prove that a mortgage is in place, we require a letter of offer or approval in principle from the lending institution. The combined amount of the cash and mortgage approval will need to be at least the amount of your offer on the property. Cash in Bank (cash buyers) We require a bank statement(s) in your name with cash balance(s) equal to or in excess of your offer amount. Alternatively a letter from your bank or solicitor confirming a cash balance of at least your offer amount is also acceptable. Selling an Existing Property Very often, a buyer will be financing the purchase of a property through the sale of an existing property. From a vendors point of view, it is a little bit risky to accept an offer that is subject to the sale of another property - this is referred to as being in a chain and if for any reason the sale of that property falls through, the offer then no longer holds any water. If trying to use the sale of an existing property as proof of funds, an email from the selling estate agent as to the offers currently on that property will give some comfort to a vendor and is probably the best thing to do in this situation.