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€400,000
Description
Introducing an exceptional mixed-use town centre urban development project with full planning permission for 15 units within two blocks – the redevelopment of the existing street facing 3 storey building providing a ground floor retail with 2 apartments overhead and to its rear permission for the development of a new 2-4 storey apartment block. Situated in a prime town centre location, the proposed development would suit current urban regeneration objectives such as the Living City Initiative, offering commercial relief up to €300,000 and the Enhanced Corporation Tax Deduction offering relief up to 125% on construction costs.
57 Clanbrassil Street occupies a prominent position in the centre of Clanbrassil Street, Dundalk, Co. Louth which forms part of Dundalk’s commercial centre. Clanbrassil Street is a principal, mixed-use area of Dundalk Town comprising a mix of retail, office space, cafes, bars/restaurants and overhead apartments. The general Dundalk area offers a wide array of services and amenities including Dundalk Institute of Technology, Marshes Shopping Centre, Dundalk Retail Park, Dundalk North Business Park and IDA Business & Technology Parks which play host to numerous multi-national companies such as MSD/WuXi, Kaseya, Prometric, PCI, Almac and many more.
The development was granted full planning permission (ref 23/60103), for 14 no. residential units including a mix of 1 and 2 bed apartments ranging from 68.9 sq.m. to 114.5 sq.m. approx. together with 1 ground floor retail unit of 35.5sq m.
• Full planning permission granted for 14 residential units
• 1 prime retail unit at ground floor level
• Highly desirable town centre location
• Strong rental demand for residential and retail space in the area
• Opportunity for developers or investors seeking a ready-to-deliver mixed-use scheme
This is a rare chance to deliver a landmark town centre development in a location where demand for quality residential accommodation and modern retail space is on the rise.
Features
• 1 prime retail unit at ground floor level
• Highly desirable town centre location
• Strong rental demand for residential and retail space in the area
• Opportunity for developers or investors seeking a ready-to-deliver mixed-use scheme
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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