Flat 1, Butler'S Flats, 41 Church Street, Tullamore, Co. Offaly, R35YF96

Kinahan Auctioneers are delighted to bring to the market a rare opportunity to acquire an ideal investment opportunity with excellent tenants in situ. This property has been well maintained over the years and is presented in very good condition throughout. Location is excellent and there is off street parking also. The ground floor is the subject of a long-term lease and is a very well-established dental practice. There are 8 apartments in very good condition, seven of which are let, and are occupied by working professionals. There is one apartment that has just come vacant, and another unit that was being used as a store but could now easily be repurposed as an apartment. The property is currently generating a strong rental income, which can be further enhanced if the other two units were let. From March next year, if any of the properties become vacant, full open market rent can be achieved, which would also see a further potential 20% uplift to the rental income. Property Type: Investment / Apartment Block Size: 4,278 sq. ft. (397.43 sq. m) Units: 1 Commercial unit and 8/9 apartments. Excellent investment Opportunity Located in the centre of Tullamore, this property benefits from an excellent convenient location. Key features of the area: - Convenient transport links: Close to main roads and public transport. Private car park. Local amenities: Shops, restaurants, cafes, and leisure facilities within walking distance. - Community & lifestyle: Well-regarded schools, parks, and cultural attractions nearby. - Strong rental demand: Tullamore is very popular with professionals, and the main employer is the HSE and Midlands Regional Hospital, offering a very strong steady rental market. Tenants not affected.