Prime local properties going to auction
POTENTIAL Mixed use building in Arva
Five prime local properties are to go under the hammer at the latest Smith Properties auction next week.
The entire property is currently rented, with an annual income of €25,000.
Auctioneer Raymond Smith says all would make good investment properties:
“There’s the potential for a good return and yield on all four properties. They are all good local opportunities for someone looking to make an investment in the area.”
Mixed-use property in Arva
Among the lots up for auction is a mixed use property on Pound Street in Arva. The large building is currently made up of retail space and residential accommodation.
However, there is the option of converting it into fully commercial or residential units.
In good condition, it extends to 1,861 sq ft over two floors and has independent side access and a small rear yard.
Its location, close to the Leitrim and Longford borders, makes it a prime unit for business or residential opportunities.
It comes with an asking price in next week’s (June 9) online auction of €80,000.
Industrial unit in Beltubet
In Belturbet, a large unit in the local industrial park has an asking price of €120,000.
Suitable for multiple uses and purposes, its location close to the N3 offers quick access to the main Dublin road or into Northern Ireland.
Its high roller door and roof extending to 8.5m at its highest mean access will be easy.
Three-bed in Ballyduff
A three-bed terrace house in Ballyjamesduff is also to be auctioned, with a price of €150,000. The 90sqm house in Inny Court has a fully enclosed garden but does require completion works.
Finally, a mixed use investment property in the centre of Longford town has a guide price of €180,000.
The ground floor of the Main Street property is currently let as a barber shop, with the first and second floors made up of three apartments.
The properties are going under the hammer at the online auction on June 9.