18 Main Street, Rathdrum, Wicklow

€750,000

Beds
Price	€750,000
Property Type	Investment
Size	meters²
Energy Rating	BER-E2
Refreshed on	Feb 21, 2025
Eircode	A67V044
Group Name	Fenelon Properties
Sales License Number	001506

Description

*Mixed Investment Opportunity for Sale – Tenants In Situ* This mixed-use commercial property presents an excellent investment opportunity in the rapidly developing town of Rathdrum in North Wicklow. The entire property spans approximately 3,885 sq. ft. and includes two commercial units and three apartments, and a large rear yard. The property breakdown comprises of the following: Residential Units: Apartment 1: Top-floor apartment, approx. 32.5 sq.m. BER – E2 (117680827) Apartment 2: Top-floor apartment, approx. 38 sq.m. BER – E2 (117680801) Apartment 3: Top-floor apartment, approx. 56.46 sq.m. BER – E2 (117680785) Commercial Units: Takeaway Unit: Ground-floor retail unit, approx. 186 sq.m. BER – E2 (801000101). Butcher Shop: Retail unit, approx. 48 sq.m. BER – F ( 801009119). The entire property generates a steady income, with reliable tenants. Tenant details and tenancy schedules are available upon request. This is an ideal investment for anyone seeking a mixed-use property with potential to add value/ redevelop with strong income potential in a growing area. Location: The property is located in the heart of Rathdrum town on the main street. Rathdrum offers a host of amenities and sports facilities including, Supermarket, Post Office, Restaurants, Pubs, Schools both National and Secondary and Churches. The area is renowned for its access to the great outdoors, with Avondale Tree Top Walk close by, and easy access to all the hills and mountains of Wicklow. There is also a lot of new builds which adds to the family-friendly atmosphere, making it an ideal location for those seeking a close-knit and welcoming community. *Note: Apparatus, fixtures, fittings, and services have not been tested. Interested parties are advised to conduct their own investigations. All measurements are approximate, and photographs are provided for guidance only.

Accommodation

Take Away Unit: Ground floor retail unit measuring 186 sq.m approx. The lease began on 1st February 2016 with a 10-year term. The current rent is €1,650 per month. The accommodation is as detailed below: Take-Away Unit: 5.22m x9.64m + 6.61m x 6.71m Tiled floor. Roller shutter to front windows.Fitted shelving. Tiled floor. Fridge. Freezer. Access to office. Preparation Area:- 8.03m 7.46m Tiled floor. Fitted shelving. Kitchen and preparation area. Storeroom - 5.16m x6.95m large built-in fridge/freezers. Fitted shelving. Upstairs: 1.4m x 6.9m + 3.6 x 1.86 Accessed from rear. Entrance landing to apartments. All apartments have electric storage heating. Butcher’s Shop: Ground floor retail space approximately 48 sq.m. The tenant has recently signed a new 2-year lease, starting January 1st 2025, with no break option or rent review. The weekly rent is €136.16, with the tenant responsible for rates and service charges for the entire lease term. The premises include a main retail area, prep area, rear space, rear access, staff WC, and access to an outbuilding fridge. Apartments: Apartment 1 ( 32.5 sq.m. BER – E2 (117680827) Kitchen/Breakfast/Living Area. Studio unit. Laminate floor. Fitted units. Velux window. Bedroom 2: Fitted wardrobes Bathroom: Fully tiled. Shower cubicle, w.c., w.h.b. Apartment 2 (38 sq.m. BER – E2 (117680801). Hallway Kitchen/Dining - Fitted kitchen with tiled splashback. Laminate wood floor. Bedroom - Bathroom: Fully tiled shower cubicle. w.c., w.h.b, tiled floor and part tiled walls. Apartment 3 (56.46 sq.m. BER – E2 (117680785)). Entrance Hall Living Room Open plan. Kitchen/ Diner: Fitted kitchen with tiled floor. Tiled splashback. Bedroom: Fitted wardrobes. Bathroom - Shower cubicle with tiled surround. Tiled floor, w.c., w.h.b. Two velux windows. Outside Large concrete rear yard which provides extensive parking, with access from main street and back lane. The overall site is centrally located in Rathdrum Town Centre with obvious potential for redevelopment (Subject to planning permission).

Features

Mixed-Use Investment: Commercial and residential units offering multiple income streams with tenants in place. Prime Location: Central Rathdrum, close to amenities and outdoor attractions. Steady Rental Income: Fully tenanted with reliable businesses and residential leases. Spacious Layout: 3,885 sq. ft. property with two commercial units and three apartments. Development Potential: Large rear yard with parking and redevelopment opportunities (subject to planning). Established Tenants: Takeaway unit (186 sq.m.) and butcher’s shop (48 sq.m.) with secure leases. Attractive Apartments: Three top-floor apartments offering long-term rental potential.

BER Details

BER: E2

Viewing Details

Appointment only.

Description

Accommodation

Features

BER Details

BER: E2

Viewing Details

Appointment only.