Property Description

UNPARALLELED TOWN CENTRE CONVERSION OPPORTUNITY
Eligible for potentially up to €145,000+ in Non-Repayable Government and SEAI Grants.

This substantial, three-storey, mid-terrace building occupies a prime, high-profile position on Donegal Street, Ballybofey. Featuring a highly versatile layout, this property formerly comprised a ground floor retail shop, first-floor office space and a top-floor apartment. The property has been vacant for over five years. This long-term vacancy unlocks massive financial incentives under the newly expanded March 2026 Commercial-to-Residential Framework.

Furthermore, the property falls under Ireland's Exempted Development Planning Laws, meaning a buyer changing its use from commercial to multiple residential apartments can completely bypass the standard lengthy planning permission process via a simple Section 5 Declaration.

This property is situated in the heart of Ballybofey and is surrounded by an array of shops, hotels, restaurant's and many other businesses. This mixed use development screams opportunity in such a centrally located town which is approximately 24km to Donegal town and 20km to Letterkenny. All enquires are welcome with viewing by appointment.

Comprehensive Grant Funding Breakdown (Stackable up to potentially €145,000+)

1 - Donegal County Council Capital Grants
- €110,000 Multi-Unit Refurbishment Grant: Direct cash funding for full structural conversion into up to three individual residential apartments (subject to structural survey).

- €5,000 Expert Advice Grant: Upfront flat-fee funding to cover initial architect layouts, floorplans and council exemption mapping.

2 - SEAI Energy Efficiency & Retrofit Grants (G-Rated BER Top-Ups)
Green energy upgrades can be stacked directly on top of the council grants to deliver a high-yield, A-rated rental block or premium townhouses:

- €6,500 for high efficiency Air-to-Water Heat Pump installation.
- €2,000 for a full central heating system upgrade.
- Up to €6,000 for comprehensive external door, window replacement and attic insulation.
- Up to €4,500 for internal dry-lining wall insulation.
- Up to €1,800 for solar PV electricity panels.

Key Highlights for Investors and Developers:
- Flexible Exit Strategy: Refurbished units can be kept as a private primary residence, or placed straight onto the long-term private rental market with no grant clawbacks.

- Low-Interest Financing: Remaining development costs post-grant can be financed via the government's low interest Home Energy Upgrade Loan Scheme (from 3% APR).
- Prime Footprint: Three-storeys of versatile, high-ceilinged space right in the heart of the bustling Twin Towns of Ballybofey and Stranorlar.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 4 days ago