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6/7 O`connell St,

Waterford, X91PX2X

Miscellaneous

Price €1,250,000

Agent Logo

Contact Property Partners Phelan Herterich

PSR Licence: 004163

+353 51 364 052

Property Overview

Status

For Sale

Style

Miscellaneous

Property Financials

Price

€1,250,000

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property description image

Features

  • Mixed use investment property being sold with vacant possession of the residential units
  • Situated in a prime location in the heart of Waterford city and Cultural Quarter
  • Immediately adjacent to the imminent extension to the Deise Greenway
  • 2 spacious ground floor commercial units with own door access
  • 14 overhead residential units
  • Commercial tenants not affected
We are delighted to present this unique investment opportunity in a prime location in the heart of Waterford City and the centre of Waterford`s Cultural Quarter.
Situated adjacent to the city Quays and the bustling city retail district , this property offers immediate and sustained returns on investment. Tenants not affected.
Nestled in the historic city of Waterford, the Cultural Quarter is a busy enclave renowned for its artistic flair and cultural diversity, home to a myriad of galleries, theatres, artisanal shops, and renowned dining establishments. The area will continue to be a priority area for growth as planned developments come to fruition.
With the imminent extension to the Deise Greenway along O`Connell St, this property stands to benefit from an influx of visitors, tourists, and locals eager to explore the area. This development promises to bring a wave of interest and investment, positioning the property at the forefront of an exciting new chapter in Waterford`s evolution.

Neighbouring occupiers include Dooleys Hotel, SETU Dept of Architecture, Garter Lane Gallery & Theatre, The Granary Cafe, Waterford Bus station, and Centra.

Dating from c.1770 , the property is listed on the NIAH as being of architectural and artistic interest. Extensively renovated c.1995, to accommodate use as apartments to upper floors, the individual units have the benefit of electric heating .

ACCOMMODATION

This substantial mixed-use property comprises a terraced four-storey premises which accommodates two ground floor commercial units, and 14 apartments overhead. Additionally, the property has the distinct benefit of vehicular access together with two car parking spaces.

Ground floor commercial units are set out as two individual units with own door access
1. Long established Delaneys Florist. Generous shop area with excellent window display area, spacious storage rooms to rear and overhead. Staff wc.
2. Jack and Jill Charity Boutique . Large open plan shop with high ceilings and good window display option. To the rear and overhead are further generous storage areas.

Residential accommodation overhead includes 3 x studio apartments, 7 x 1 bed apartments, 4 x 2 bed apartments.

This is a fantastic opportunity to acquire a solid mixed use investment property in the heart of Waterford city. Property being sold with vacant possession of the residential units. Commerical tenants not affected. Rental history available on request.


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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