Ashford House, Ashford, Co. Wicklow
A mixed use investment opportunity with excellent development potential in Ashford, Co. Wicklow is coming to the market through agents Kelly Walsh.
The assets comprise of a public house known as Ashford House, three well-presented ground floor commercial units and 4 self-contained modern offices at first floor level. The overall floor area extends to 1,577 sq. m. (16,975 sq. ft.). The properties are part let and currently generating a rent of €75,500 per annum. The investment will generate in excess of €150,000 per annum once the vacant public house and commercial unit is let.
There is lapsed planning in place for a major mixed use development comprising 5 retail units at ground floor level, 5 offices on the 1st floor and 8 residential units with a total floor area of approx. 1,720sq. m. and a basement car park.
An extension of planning was successfully obtained for eight 2 bed units at the western side of the site which can be built out immediately.
We are expecting interest from developers seeking an investment with an attractive rental income stream and immediate potential to construct 8 residential units independent of the existing buildings once the sale completes.
The lapsed planning for the previously proposed mixed use scheme gives strong precedence for a significant redevelopment play in the centre of Ashford Village.
Kelly Walsh are seeking offers in excess of €2,700,000.
For further details contact the office on 01-6645500.