ASHFORD HOUSE, ASHFORD, CO. WICKLOW ON
0.72HA (1.8 ACRES)

SUPERB INVESTMENT AND DEVELOPMENT OPPORTUNITY

Description

The property is located in the heart of the village on the junction of the R772 & R762 and comprises a mixed-use development which provides ground floor retail units, a licensed premises and firstfloor offices with a large enclosed yard and an excellent fully surfaced car park with main road access. The building extends to 20,118 sq.ft located on a site extending to 0.72Ha. (1.8 acres).

The combined income from the commercial element is currently €139,901 per annum with reversionary potential through a letting of the vacant unit 1 and
stepped rent increases for Units 4-6.

The car park and rear site sections of the property offer excellent development potential for a mixed use retail and residential scheme reflecting modern density levels. A recently prepared feasibility study is available to interested parties (no planning status). The property previously received a grant of planning permission (reg ref 10/2869, now expired) in respect of the development of apartments.

Ashford has been identified by Wicklow County Council as a location for the provision of high quality housing, concentrated principally around Ashford town centre and lands within 500m of the town centre. The current town plan identifies potential for 858 new housing units in the town and a strategic reserve of lands for a further 284 units. (Ref Ashford Town Plan 2016-2022).