5 North Street, New Ross, New Ross, Co. Wexford
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€85,000
Restaurant / Bar / Hotel For Sale1,507 sq. feet (140 sq. metres)
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Contact Name: Philip Carton MIPAV
Selling Agent:
P N O'Gorman Auctioneers & Valuers
PSR Licence Number: 002262
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Property Description
Number 5 North Street, New Ross is a substantial and historic four-storey property occupying a prominent position in the heart of the town, close to The Norman Garden, Bridge Street and John Street. Formerly a licensed premises, the property now requires complete refurbishment, presenting an exciting opportunity for investors, developers or owner-occupiers to reimagine and restore a characterful town centre building. The ground floor extends to approximately 45 sq m, with three additional floors overhead offering considerable scope for a variety of residential, commercial or mixed-use configurations, subject to the necessary planning consents. To the rear, the property benefits from an enclosed yard. With eligibility for a range of regeneration incentives, including the Vacant Property Refurbishment Grant and the Vacant Above the Shop Grant (subject to approval and qualifying criteria), this is a superb opportunity to acquire and revitalise a landmark property in a highly convenient town-centre location.
Ground Floor Area of c. 45sq m
Three Floors of Overhead Accommodation
Benefit of Rear Yard
Special Notes
It should be noted that the property must be restored back in to use within a timely fashion after the closing date of a sale, and this time frame is yet to be confirmed. In addition, there will be a buyback option in the contract in favour of Wexford County Council should the property not be brought back into use within this required time frame. This property is currently on the Derelict Sites Register and will remain on same until such time as the property is rendered non-derelict, with the associated levies payable pending turnaround by the purchaser. Under no circumstances can the purchaser sell on or speculate on the property without having returned the property to productive end use.
The sale of the property is subject to Section 183 of Local Government Act 2001.
BER Details
Energy Performance Indicator: 0.00 kWh/m2/yr
This property was last updated: today, 1 hour 30 minutes ago
