Restaurant (Tenant Unaffected) & 4 Apartments, High Street, Westport, Co. Mayo, F28CV02

LOCATION Located on the west side of High Street in the town centre of Westport. This is a mature mixed use location. Adjoining or nearby occupiers include McGing 's Bar, Sage Restaurant, Bank of Ireland, a variety of cafes and a number of houses. Westport is a thriving town located on the Wild Atlantic way. Renowned as a visitor/.tourist destination, Westport has grown significantly over the last 20 years to become a highly desirable location which to live, do business or visit. Well connected with road rail and within 50mins of Ireland West Airport. Key local employers include AbbVie, Portwest, Carraig Donn and the Westport Hotel Group. FEATURES: - High profile town centre location - Substantial development of 430sq.m (4,629sq.ft) - Comprises ground floor restaurant and 4 no. large 2 bed Apartments - Ground floor is under lease at €31,200 per annum with vacant possession of upper floors - Highly attractive investment with an ERV of c. €77,000 per annum - Highly reversionary and of interest to investors only DESCRIPTION - GROUND FLOOR TENANT UNAFFECTED Comprises a substantial three storey end of terrace building constructed in c.1998. Arranged with a ground floor restaurant and on the first and second floor there are 4 no 2 bedroom Apartments. The apartments are accessed via a self-contained doorway off a side entrance. Constructed of rendered concrete block with concrete floors, double glazed hard wood windows under a slate roof. Ground floor restaurant has a double fronted timber and glazed shop front. The Restaurant is fully fitted out and operational with a long and successful established trade. The property benefits from a side entrance into a rear yard providing access to the apartment and for deliveries, etc. The Apartme3nts could benefit from some refurbishment but are very large each with 2 bedrooms. SERVICES The property is connected to the following services Sewerage - mains Water - mains Electricity - mains Gas - Bulk gas for ground floor only Heating - Electric storage heating FLOOR AREAS Floor Use Floor Area sq.m Total Floor Ground Restaurant 94 First Apartment 1 84 First Apartment 2 84 Second Apartment 3 84 Second Apartment 4 84 Total Floor Area 430 sq.m (4,629sq.ft) TITLE - Freehold title subject to a single tenancy on the ground floor. Vacant possession to all 4 Apartments being provided. TENURE - The ground floor restaurant is held under a lease which will be renewed for 25 years commencing 1st January 2026 subject to a passing rent of €31,200 per annum exclusive. Vacant possession of the 4 no Apartments will be provided on completion. ESTIMATED RENTAL VALUES Floor Property Tenancy Rent / ERV Ground €31,200 First 1 Vacant €8,400 (700pm) First 2 Vacant €16,800 (1,400pm) Second 3 Vacant €7,592 (633pm) Second 4 Vacant €13,200 (1,00pm) Total ERV €77,192 ACCOMMODATION FOR EACH APARTMENT COMPRISES: ENTRANCE HALL: 1.1m x 2.97m Plastered and painted walls, solid maple wood floor HALLWAY: 6.52m x 1.1m Plastered and painted walls, timber floor KITCHEN/LIVING ROOM: 6.4m x 3.68m Open plan. Plastered and painted walls, timber floor, pine kitchen units with tiled splashback, Formica worktop, stainless steel sink HOTPRESS: 1.09m x 0.78m BATHROOM: 1.88m x 3.25m Tiled walls, tiled floor, shower, wc, whb, wall mounted mirror, overhead shaving light BEDROOM (1): 2.76m x 4.43m Plastered and painted walls, timber floor ENSUITE SHOWER ROOM: 1.75m x 1.5m Tiled walls, tiled floor, electric shower, wc, whb BEDROOM (2): 1.97m x 4.75m Small fitted wardrobe, polished timber floor, plastered and painted walls BER - C1 - Restaurant C3 - Apartments 1 & 2 C1 - Apartments 3 & 4 GUIDE PRICE €775,000 INVESTMENT - This property represents an exceptional mixed use investment opportunity. At the quoted price once fully let and allowing for standard costs of c. €25,000, would provide a net yield of about 9.5%. DIRECTIONS The property is on the right hand side of High Street, Westport - follow google maps directions for Eircode F28 CV02.