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Market Square, Portarlington, Co. Laois

€250,000
Development Land For Sale | 1.25 acres (0.51 hectares).
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Overview

Property Description:

Development Site Market Square Portarlington

Former Hotel, in need of refurbishment on 1.25 acres
Zoned Town Centre
Market Square Portarlington, to be sold in one or two lots
Location - The Market Square is considered to be the best commercial location in the Town.
Portarlington, statistically wise is Irelands Second Fastest Growing town, ideal for the Dublin commuter with its 36 trains daily to and from the capital - duration 40 mins.
4 miles junction 14 on the M7


State of Repair:
The property is subject to a Conservation Order, and as such its "fascade" is a protected structure. The building is arranged on 3 floors and used to consist of 10 bedrooms over bar/lounge with separate dining area. The entire building requires refurbishment.


Planning:
The hotel and development site are zoned "Town Centre" under the current Portarlington Development Plan.


Potential:
In our opinion the optimum potential for the building is a modern commercial unit on the ground floor and circa 15 double bedrooms reconstructed on first and second floor. This new building to extend along the frontage onto the market square leaving an archway for access to rear site. The latter can be used for parking and if desired a small residential development of c8 Townhouses or some bungalows.


Note:
An option to purchase a full 7-day ordinary (up to date) Publicans License is also available with the premises.

Offers excess €250,000
to include the Publicans License (current value of the license €55,000)

Daft Property Shortcode:

https://www.daft.ie/5918775

Date Entered/Renewed:

17/1/2020 (2 days ago)

Property Views:

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Address:

Market Square

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Market Square, Portarlington, Co. Laois