FOR SALE – PRIME MIXED-USE INVESTMENT OPPORTUNITY Mid-Terrace Property | Retail & Residential | Waterford City Centre

O’Shea O’Toole are delighted to present this exceptional opportunity to acquire a high-profile mixed-use investment property in the heart of Waterford City. This impressive mid-terrace building with accommodation over three floors offers a combination of secure rental income and vacant possession of a well-presented residential unit with strong rental or owner-occupier potential. Tenant not affected.

Property Overview
• Location: Prominently positioned in Waterford City Centre, surrounded by a mix of retail, hospitality, and residential properties. Conduit Lane is conveniently situated opposite the rear entrance to Penney’s and 10 – 15 yards from the city square.
• Type: Mid-terrace mixed-use building
• Configuration: Ground floor commercial unit with self-contained three-bedroom apartment above
• Tenure: Freehold
• Total area - 269 sq.m / 2,895 sq.ft
• Ground floor retail - 1,151 sq.m / 107 sq.m
• Apartment - 1,743 sq.ft / 162 sq.m

Ground Floor Retail Unit

Currently occupied by Orchid Ladies Boutique, a well-established fashion retailer, this spacious and stylish retail unit benefits from excellent street frontage and visibility.
Features:
• Bright, open-plan layout with wooden flooring, extending to 107 sq.m
• Attractive timber-framed display windows flanking double-door entrance
• Service counter and extensive wall-mounted display fittings
• Rear stockroom, small kitchenette, and staff W.C.
• Electric storage heating
• Tenant in-situ with lease term of 5 years, commenced September 2024. Further details available

Upper Floor Apartment

Accessed via a separate street-level entrance, the upper floors comprise a generously sized three-bedroom apartment in excellent condition, ideal for private rental, short-term letting, or owner occupation.

Accommodation Includes:
Ground Floor Lobby
• Private entrance and stair access

First Floor:
• Bedroom 1
• Shower Room with W.C. and wash hand basin
• Hallway with laminate flooring and access to flat roof
• Living Room with laminate flooring
• Bedroom 2

Second Floor:
• Spacious Living Room
• Archway to Kitchen/Dining Room with Velux windows, fitted kitchen units, and ceiling spotlights
• Bedroom 3

Additional Features:
• Gas-fired central heating
• PVC double-glazed windows throughout
• Vacant and ready for immediate occupancy

Investment Highlights
• Established retail tenant with long-term lease
• Potential total rental income estimated in excess of €50,000 per annum
• City centre location with strong rental demand
• Attractive and well-maintained building

Viewing
Strictly by appointment through sole agents.