In a thrilling advancement for the Bailieborough property market, a notable live auction is set to take place on 10th January at 4.00 pm, involving the sale of two adjoining freehold properties prominently located on Main Street, Bailieborough, Co. Cavan, A82WE52. The auction, which is capturing the attention of investors and developers alike, will be conducted online via the LSL Auctions Platform.
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The properties, known as Lot 1, present a unique opportunity for acquisition, offering a blend of potential uses that span retail, commercial, residential, and office spaces, subject to the necessary planning permissions. Strategically positioned in the heart of the town and zoned as Town Core, this investment promises a significant footprint in one of Bailieborough’s busiest locales.
One of the properties boasts a thriving business, Cara Allcare Pharmacy, which occupies 142 sq.m of the ground floor retail space. The pharmacy is securely tied into a 15-year lease, with a 5-year rent review clause, contributing a passing rent of €19,851 per annum, offering a stable income stream for the prospective buyer. Adjacent to it is a vacant shop unit spanning 51.1 sq.m/550 sq. ft, providing an additional space for business opportunities.
The potential for this property extends beyond its current use, with the first and second floors presenting a basic shell condition, a blank canvas ready for fit-out according to the new owner’s vision. Separate own door access ensures privacy and division of the spaces, making it versatile for a multitude of developments.
Additionally, the property includes a large rear yard, which, subject to planning permission, is suitable for further development. The provision of vehicular access to the rear adds a layer of convenience, enhancing the development potential of this space.
As the auction date approaches, potential buyers are encouraged to envision the future of these prominent properties, recognizing the rare chance to own a piece of Bailieborough’s commercial heart. For a more detailed look into what these properties have to offer, prospective buyers and interested parties can view them at the provided LSL Auctions link. This auction represents not just the sale of a property but the opportunity to invest and develop in a bustling community, making it a noteworthy event for any serious investor or developer.
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