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€175,000
57 sqm
0.17 Acres
Development Site With FPP
Rices Bridge
Castletown Road
Dundalk
Co. Louth
Description
• Attractive apartments sizes ranging from 56.7sq.m – 83.8sq.m
• Private balconies to each apartment
• Onsite Car parking
• Efficient repetitive floorplates
Sherry FitzGerald Carroll bring to the market this prime infill site in Dundalk Town with FPP for 6 no. apartments in an attractive single self-contained block.
This ready to go site represents a rare development opportunity in a prominent and central location within Dundalk Town Centre, benefitting from dual aspect to Castletown Road and Moira Terrace. Rices Bridge on Castletown Road is a renowned local landmark only 850 metres from Dundalk Town Centre and the rejuvenated Nicholas Quarter / Church Street. Dundalk Clarke Train Station and M1 Junction 17 are also within 2kms of the site giving convenient access to Dublin and Belfast. The immediate location also offers a range of schools, sports facilities, Dunnes Stores, Castletown Pharmacy / GP Surgery and a number of casual food outlets.
The development designed by local firm Dowdall Architects, was granted Full Planning Permission under ref 20/900 in July 2021, expiring in December 2026 for the 6 no apartments and includes parking for 4 cars, bicycle storage, bin storage, and landscaped communal areas. Breakdown as follows:
3 no. 1 bedroom apartments – 56.7sq m / 610sq ft
3 no. 2 bedroom apartments – 83.8sq m / 902sq ft
The property offers a prime opportunity to develop an efficient block of apartments suited either to the private sale market, private rental or as a multi-family investment asset and we expect an ERV of approximately €120,000 per annum.
Given the shortage of stock, of new A-rated properties in both the rental and sale market, we expect the completed development will be in high demand from individual tenants or the Corporate and Approved Housing Body market.
Full details and planning pack upon request.
Guide Price €175,000 exclusive
Features
• Attractive apartments sizes ranging from 56.7 sq.m. – 83.8 sq.m
• Private balconies to each apartment
• Onsite Car parking
• Efficient repetitive floorplates
About the Area
Dundalk is the county town and administrative capital of County Louth, situated where the Castletown River flows into Dundalk Bay. The town is close to the border with Northern Ireland and equidistant from Dublin and Belfast. The town's name, which was historically written as Dundalgan, has associations with the mythical warrior Cú Chulainn. In 2003 Dundalk was amongst nine cities and towns to be designated Gateway status in the Irish Government's National Spatial Strategy.
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