Price on Application - For Sale|
- Prime development opportunity extending to approx. 0.30 hectare (0.75 acre) comprising a Public House, former bank premises, Main Street Unit and Car Park - Unrivalled Town Centre location with extensive frontage to Commercial Quay - Zoned Town Centre under Wexford Town and Environs Development Plan 2009-2015 - Potential to generate income from the existing buildings and car park - An abundance amenities and employment opportunities situated within close proximity - Excellent redevelopment opportunity S.P.P. - Superb transport network – Wexford railway station nearby, M11/N11 providing access to Dublin City Centre, Wexford bus station Location The subject site is prominently located on Wexford Quay, directly opposite Wexford Bridge with extensive frontage to North Main Street, Charlotte Street and The Quays. Wexford Town is the administrative centre of commercial and business activity within the county. The property occupies a unique waterfront position adjacent to the harbour and boasts exceptional coastal scenery. In addition, the strategic location of the property ensures immediate access to Wexford town centre and its choice of retail, commercial & entertainment amenities. Wexford is strategically located at the junction of the N11 and N25, linking Rosslare and Wexford with Dublin to the north and Waterford to the west. Wexford Bus Station is situated approximately 300 metres from the property with regular bus services to locations throughout the south east region. In addition Wexford railway station provides an alternative mode of transport to Dublin and beyond. The town also benefits from good connections to the Ferry Terminal in Rosslare and both Dublin and Shannon Airports. Description This prime development opportunity comprises three existing buildings on a largely vacant site extending to approx. 0.30 hectare (0.75 acre). No. 84 North Main Street and a single storey premises are vacant, while a lease is currently in place for the tenancy of The Metro Pub. The majority of the site is cleared and currently in use as a car park. The site would suit a modern mixed use scheme subject to the necessary planning permission. The property benefits from current income in the region of €60,000 per annum. The short term nature of this income provides various opportunities, including the option to achieve vacant possession on the entire site in the short term and the prospect of negotiating short to long term leases pending any possible redevelopment. We understand that the current occupants do not have renewal rights. Town Planning Under the Wexford Town and Environs Development Plan 2009 – 2015 (extended to 2019) the subject site is zoned objective ‘Town Centre’ which is defined as “to protect and enhance the special physical and social character of the existing Town Centre and to provide for new and improved Town Centre facilities and uses.” Planning Potential Under the same development plan, the subject property is designated Masterplan Zone 13B as being a ‘Key Opportunity Site’ with potential for a large mixed use retail and residential led urban quarter in the heart of Wexford Town.