Former Licensed Premises & Apartment, With Development Potential, Castlebellingham, Co. Louth, A91ND89

Prominently positioned within the heart of Castlebellingham Village, this mixed-use property offers an opportunity to acquire an existing income-producing asset together with significant refurbishment and longer-term development potential. Extending to an overall site area of approximately 0.1 hectares / 0.25 acres, the property comprises a self-contained own-door 2-bedroom apartment extending to approximately 80 sq.m together with a former licensed premises occupying the ground floor. The first-floor apartment provides immediate rental income potential, while the ground-floor accommodation presents a value-add opportunity through refurbishment, repurposing, or redevelopment. Having remained vacant for a considerable period, the property may qualify for various refurbishment and conversion grants, subject to the relevant approvals. Architectural drawings have been prepared illustrating the potential conversion of the ground-floor accommodation into two residential apartments, providing purchasers with an opportunity to enhance both rental income and overall asset value over the short to medium term. Alternatively, the ground-floor accommodation may suit a variety of commercial, retail, office, healthcare, hospitality, or professional service uses, subject to any necessary consents. To the rear, the property benefits from a substantial private site area with potential for future infill-style development, subject to planning permission. The rear lands previously formed part of a residential planning application, providing a useful planning history for prospective purchasers when assessing future development opportunities. Situated in the centre of Castlebellingham Village and within walking distance of the renowned Bellingham Castle, the property occupies a prominent and highly accessible location within one of County Louth's most established and sought-after village settings. The property is likely to appeal to investors, developers, owner-occupiers, and business operators seeking a property capable of generating immediate income while offering significant scope for future enhancement and value creation. Key Features Overall site area extending to approximately 0.25 acres Mixed-use investment and development opportunity Existing own-door 2-bedroom apartment (c.80 sq. m) Immediate rental income potential Former licensed premises with refurbishment and repurposing potential Potential eligibility for refurbishment and conversion grants (subject to approval) Architects' drawings prepared for conversion to 2 residential apartments Suitable for a variety of commercial, retail, office, healthcare, and professional uses Rear site with future development potential, subject to planning permission Prime village centre locationWalking distance from Bellingham Castle Attractive opportunity to combine income generation, asset enhancement, and future development potential