Ref: Lot 01
Fantastic House & Commercial Yards with Huge Investment/Development Opportunity, all on c.1.5 acres
Town & Country Property Ireland are delighted to present to the market the house and lands at Halltown, Navan, Co. Meath. The property presents a remarkable opportunity for developers and investors as well as homeowners looking for something a little different. The entire site extends to c.1.5-acres and comprises of a turn-key four-bedroom dormer bungalow with additional outbuildings and a sizeable c 1.2-acre yard to the rear containing several block and steel frame commercial sheds.
The entire c.1.5-acre site presents significant development potential for investors and developers alike. Located along the N51, only a stone's throw from the M3 junction, the property is ideally situated only 5-minutes from Navan's growing town centre and right along its main arterial transport routes. The house and lands pose an existing investment value in favour of the standing commercial tenants, the rental value that can be derived from the existing four-bedroom bungalow as well as the residential value that may be drawn from converting the outbuildings for rental and/or sale. There is equally significant potential to convert the entire site into a new use commercial or residential development, subject to planning from Meath County Council.
The existing properties are as follows:
The charming four-bedroom bungalow extends to c.223m2 and is presented in turnkey condition throughout, boasting abundant key features such as solid wood flooring, three spacious reception areas, an open plan kitchen/dining room, four large and bright bedrooms and a sunny South-facing lawn garden. There are also sizeable outbuildings adjacent to the property which are primed for conversion into a live/work unit, workshop or even to serve as an investment through conversion into one or more separate residential dwellings.
The commercial yards extend to c.1.2 acres and encompass several block and steel frame industrial sheds in three main units. These units currently have commercial tenants in situ, achieving a potential passing total rent of 57,000 p/a. Benefitting from a wide access lane, the yards are bordered by pastural fields to the South and a separate commercial yard to the North and have easy immediate access to the N51 and M3 motorway.
Fantastic Investment Opportunity
c.1.5 -acre Mixed Use Site with Significant Development Potential
Turn-Key Four-Bedroom Dormer Bungalow and Garden
Large c.1.2-acre Yard with 3 Large Commercial Sheds
Potential Commercial Passing Rent - c.57,000 p/a
South-Facing Lawn Garden with Outbuildings & Off-Street Front Parking
Ideal Location along N51/M3 only 5-mins from Navan Town
Private Rear Access to Yards
Residential Rental Potential Between c.24,000 - c.30,000 p/a
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer, please contact us.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. €50,000 - €55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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