Fantastic Business Opportunity, Carlow, ireland
About the Property:
Situated on the Hacketstown road exiting Pollerton on the left-hand side, a mere 500 meters from town.
The property is owned by the Keenan family who acquired the property in 2002. Originally it was a TEXACO and DAYBREAK.
The owner operated the business over the years profitably and successfully. in 2017 they decided to rent the opportunity of the Forecourt part of the business to Great Gas.
in 2017 they decided to rent the opportunity of the Forecourt to Great Gas. Then a few months later decided to lease the convenience store, which lease includes the car wash and all the other smaller vending items i.e.: Tyre air/water.
2 Tenants in situ. One is the convenience store and the other is the forecourt.
Great Gas (Emo Oil Ltd) is the forecourt tenant and the shop to Hanjra and brothers Limited.
The Convenience store is being presently rented at €24,000 per year on a 15-year lease with a break clause after 5 years and again after 10 years in. (in favour of the tenant) A tenant deposit of €12,000 is in place. Great Gas entered a 10-year lease for the Forecourt from September 2017 at €25,000 per year.
Total rent roll presently €49,000 per year.
in 2004 plans were approved for the demolition of the existing petrol station and retail unit and the construction of a new 2 storey mixed use development with basement underneath, and 5 x two bedroom apartments on the first floor, with 5 retail units below with parking on site.
it would be most possible to re-apply.
A prepaid laundry vending system has been recently installed also on the site.
in summary this opportunity offers 3 options
1. investment property with attractive yield, presently €49,000 pa
2. Vacant posession possible if owner interested in running business themselves.
3. Site could be redeveloped if lapsed planning could be reapplied and received again.
We are open to all clean offers. Preference will be given to deals that are able to conclude within a short space of time.
About the area
County Carlow, a green ireland of country roads and winding lanes, of tow-paths and waterways, of mountain trails and forest tracks which lead the visitor through a hinterland of neat friendly villages and well-ordered small towns to ancient monastic sites and archaeological wonders from another age.
County Carlow offers an abundance of passing trade as it’s convenient to the major entry points into ireland, with Dublin, Dun Laoghaire and Rosslare ferry ports and Dublin Airport all within easy reach. Dublin City is 92km, Dublin Airport is 107km and Rosslare Europort is 92km from Carlow Town centre. The main M9 Motorway from Waterford to Dublin passes through Carlow town. it is also a major stopover for the mainline Waterford city to Dublin rail line.
Carlow is an important commercial and manufacturing town with a population of 25,000. Situated on the River Barrow, the Barrow valley is surrounded by beautiful Mountains and hills.it has acres of woodland parks, superb playgrounds, family entertainment venues and a host of outdoor activities suitable for all.