Main Street, Multyfarnham, Co. Westmeath

TORMEY Auctioneers are excited to offer this opportunity to acquire a substantial Residential Investment portfolio ideally situated in the heart of Multyfarnham Village. The subject property is located in a high profile location on the Main Street of Multyfarnham village. Multyfarnham is considered a highly desirable village situated c. 12km North of Mullingar Town, c. 3 km of the N4 at Ballinafid. According to census 2022 Multyfarnham has a population of 460 people. The village is well serviced with amenities and has both primary school and secondary schools (Wilsons Hospital School), The parish Church and the Historic Franciscan Friary dating back to 1268 a busy GAA club and thriving Community centre and Active Group. The busy village also has two licensed premises, restaurant, a garage, a shop and a community park and playground. Portiuncula Nursing Home and Abbey Blooms Botanical Gardens and Café are situated within the grounds of The Franciscan Friary. Lough Derravarragh the scene of part of the fabled Children of Lir folklore and Lough Owel are on the village doorstep. Dublin is a mere 1 hour drive. The substantial portfolio occupies a large central site on the bank of the River Inny and comprises of 7 No. residential units, 1 old forge building which is ideal for conversion to a unique residential unit and a potential development site to the rear of the plot. The property bounds the River Gaine to its eastern boundary. 1) Two storey block of 4 No. 1 Bed Apartments. Four Spacious 1 bedroom apartments arranged over two floors with a central staircase. Each apartment has an Entrance Hall, Kitchen, Living / Dining Area, Bathroom and large double bedroom. The apartments are well maintained and in excellent condition throughout. The four units are fully let currently and generating an income of '¬38,400 per annum. Tenants are Not Affected. 2) Single Storey, end terraced, cut stone house on Main Street, Multyfarnham. Spacious two bed town house in excellent condition with high specification finishes throughout. The spacious accommodation comprises of Living Room, Kitchen, Bathroom, Two Bedrooms, garden space to rear. The property is currently owner occupied. Rental Potential. '¬18,000 per annum. 3) Single Storey mid terrace cut stone house on Main Street, Multyfarnham. Large two bed town house in good condition throughout. The accommodation comprises of Kitchen, Living Dining Area, Mezzanine lounge /office area, Bathroom and two spacious bedrooms. Garden space to the rear. Current passing Rent '¬12,000 per annum. Tenant Not Affected 4) Single Storey mid terrace house on Main Street, Multyfarnham. Spacious two bed mid terrace town house in the centre of Multyfarnham village. The property is currently been renovated. The accommodation comprises of Kitchen, Living / dining area, bathroom and Two Bedrooms. The property is currently vacant. Rental Potential '¬18,000 per annum. 5) Old Forge. Ideal for conversion to a unique residential unit. The historic old cut stone forge building with horseshoe shaped door casing is an ideal residential development project. The property could easily be turned into another attractive two bed unit subject to obtaining necessary planning permission. Rental Potential '¬18,000 per annum. 6) Rear site with development potential. Future development site to the rear subject to obtaining the required permission. This is a truly unique property portfolio in the centre of the Award winning Multyfarnham village. Viewing is Highly Reccommended