Outstanding Investment with Significant Redevelopment Potential, Newport Road, Castlebar F23 RY98

Outstanding Investment with Significant Redevelopment Potential, Newport Road, Castlebar F23 RY98

Investment
For Sale
Price: €750,000
Highlights

Site area of 0.9 hectares (2.2 acres)

Existing building extending to circa 2,274 Sq. M. (24,775 Sq. Ft.)

Occupied by J.J. Griffiths Ltd. under a 21 year lease from August 2000 at a passing rent of €52,000 p.a. subject to a Landlord only break option on the 15th August 2021.

Zoned Objective B Residential/Commercial (under the Castlebar & Local Area Plan 2008-2014 as amended)

Detailed Architect feasibility study available for substantial residential/commercial scheme


Description

Prominently located on the south side of the Newport Road, close to its junction with Lannagh Road in the town centre of Castlebar in west County Mayo.

Comprises of retail showrooms and industrial property extending to approx. 2,274 Sq. M. on a substantial largely underdeveloped site of 0.9 HA.

The site is an L-shaped configuration having extensive road frontage onto the Newport Road and to the rear on the Castlebar River.



Agent
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