The Square, Castlepollard, Co. Westmeath

Prime Town Centre Mix Use Buildings Available in 3 Lots With Planning for Two Commerical Units and 8 Residential units on 0.46 Acre Approx. DESCRIPTION A rare opportunity to acquire a prime commercial and residential development site extending to approx. 0.46 acres, strategically located in the heart of Castlepollard, Co. Westmeath. Offered in two lots, this property boasts existing rental income, planning permission for residential development, and significant mixed-use potential. Key Highlights Lot 1 - Mixed-Use Development with Planning Permission (Approx. 0.33 Acres) Key Features: - Existing Property: Mixed-use building comprising a four-bedroom residence with a commercial frontage (1,474 sq. ft.) Two one-bedroom apartments, in need of repair. - Development Potential: Full planning permission granted for four 3-bedroom semi-detached homes, each approx. 900 sq. ft. Proposed layout includes: entrance hall, living room, kitchen/dining area, guest WC, 3 bedrooms (1 en-suite), main bathroom, and storage. This lot presents a compelling opportunity for a developer or investor seeking immediate income with approved development potential in a high-demand residential area. Lot 2 - Established Retail & Residential Investment (Approx. 0.113 Acres) Key Features: - Mixed-Use Property (Total: 2,819 sq. ft.): Phone Shop (495 sq. ft.) - established retail unit with prominent frontage and leased at present. Coffee Shop - Vacant at present 3/4 Bedroom Residence on the first floor - private entrance and spacious layout in need of repair Outbuildings & Storage -sheds and stores offering further utility or redevelopment potential Lot 3- Entirety with proposed development of four 3 bed houses, and development of existing property to a two bed townhouse, x2 two bed apartments, ground floor commercial unit and cafe. Location Highlights - Town Centre Location - Exceptional footfall and visibility in the heart of Castlepollard - Strong Transport Links - Easy access to local and regional road networks - All Amenities Nearby - Schools, shops, services, and public transport within walking distance Development Opportunity This is a versatile and high-yielding opportunity in one of Westmeath's most established towns. With existing income, planning approval for residential expansion, and a central commercial location, this property offers a blend of short-term returns and long-term capital appreciation potential. Total Area: 0.46 acre