Property Description

Presenting a rare opportunity to acquire a high-potential 4.4-acre mixed-use development site centrally located in the heart of Clara, Co. Offaly. Zoned Mixed Use Town Centre under the Offaly County Development Plan 2021 2027, this strategically positioned site blends income-generating assets with significant development and heritage value.
Key Highlights
Hydroelectric Plant
Fully operational, app-controlled hydroelectric plant powered by the River Brosna, flowing through the site
Annual output: 400 620 MWh, generating an income of approx. 40,000 per annum
Modern infrastructure: automatic trash rack cleaner, remote monitoring, and metering
Installed in 2008 at a cost of 750,000 with an expected 100-year turbine lifespan
Historical significance: First turbine (1919) still operational at time of upgrade
Residential Income
Detached two-bedroom house (former forge), leased and generating 14,000 per annum
Tenant unaffected by sale
Architecturally notable, this mid-19th century structure contributes to the town s heritage character
Landmark Flour Mill Complex
Disused but architecturally significant six-storey former flour mill, c.1800, with adjoining return and outbuildings
Features include: striking stone entrance, historic brick chimney (c.1880), and former mill manager s house
A signature industrial landmark of Clara, steeped in history and ideal for sensitive restoration or adaptive reuse
Heritage & Zoning Advantages
The Old Mill, House, and Entrance Gate are listed on the National Inventory of Architectural Heritage (NIAH)
Mixed-Use Town Centre Zoning permits a wide range of redevelopment possibilities residential, retail, commercial, hospitality, cultural, or tourism-focused initiatives
Additional Features
Newly constructed hydro building (2008) adjacent to the mill
Water rights to Kilbeggan, further enhancing future potential
Development & Investment Potential
This is an exceptional opportunity to invest in a historically rich site with two robust income streams, protected structures, and development zoning that supports a wide range of future uses. Whether seeking to restore a piece of Clara s industrial past or develop a dynamic town centre destination, this property offers unmatched potential in one of the Midlands most charming and connected towns.
JOINT AGENTS SHERRY FITZGERALD DAVITT AND DAVITT

Fully operational, app-controlled hydroelectric plant powered by the River Brosna, flowing through the site
Annual output: 400 620 MWh, generating an income of approx. 40,000 per annum
Detached two-bedroom house (former forge), leased and generating 14,000 per annum
Newly constructed hydro building (2008) adjacent to the mill
Water rights to Kilbeggan, further enhancing future potential
Development & Investment Potential

This property was last updated: today, 19 hours ago