Property Description

Leonard Wilson Keenan Northwest are delighted to bring this mixed-use development and investment opportunity to the market.

SUMMARY:
Landmark mixed-use investment and development opportunity in the heart of Charlestown. Prime position at the junction of the N17 & N5 with passing traffic estimated at c.10,000 vehicles per day. Well-established and profitable licensed premises trading as Garveys Dew Drop Inn.

Asking price: €330,000

7-Day Publican’s Licence available separately at approximately €60,000

Exceptional Development Potential -
Opportunity to retain and modernise the existing bar and lounge business
Suitable for conversion to retail, restaurant, café, or takeaway use, subject to planning requirements
Excellent high-visibility frontage ideal for commercial redevelopment
Potential to relocate the main entrance to create a more modern and flexible commercial layout
Significant opportunity to redevelop the upper floors into residential accommodation

Residential Conversion Opportunities -
Potential to create a spacious 3-bedroom apartment with kitchen and living accommodation above the commercial unit
Potential grant aid of up to €95,000 available for the refurbishment/conversion of the first over-the-shop residential unit
Additional grants of up to €20,000 for a second residential unit
Further €20,000 potentially available where three or more residential units are created
Total potential grant support of up to €135,000, subject to approval and scheme conditions

Rear Development Potential -
Large rear entrance and rear access provide excellent development flexibility
Potential to convert the rear section of the property into two spacious 2-bedroom duplex apartments
Duplex development may qualify for up to €80,000 per unit under the Repair & Leasing Scheme
Strong potential for multiple income streams through combined commercial and residential use

Investment Highlights -
High-profile roadside location with exceptional exposure
Rare opportunity to combine an established business with substantial redevelopment upside
Suitable for investors, developers, owner-occupiers, or hospitality operators
Potential to create a strong yielding mixed-use asset in a strategic Mayo location
Excellent connectivity to the West, Northwest, and Midlands regions of Ireland

Garvey's Dew Drop Inn presents a rare opportunity to acquire a substantial mixed-use investment and development property in the thriving commercial heart of Charlestown, Co. Mayo. Occupying a commanding position at the junction of the N17 and N5, this landmark premises benefits from exceptional visibility and exposure to passing traffic estimated at approximately 10,000 vehicles per day, making it one of the most strategically positioned commercial properties in the region.

For generations, Garvey's Dew Drop Inn has been a well-known and respected licensed premises with healthy trading figures and a loyal customer base. The property offers immediate income potential while simultaneously presenting a range of exciting redevelopment and value-add opportunities for investors, developers, owner-occupiers, or hospitality operators.

The asking price of €330,000 represents excellent value considering the scale, location, and development potential on offer. The 7-Day Publican’s Licence is available separately at approximately €60,000.

The property lends itself to several potential configurations and future uses. The existing bar and lounge can continue to operate in its current successful format, offering a turnkey hospitality business in a high-profile location. Alternatively, subject to planning permission where required, the ground floor could be transformed into a modern retail unit, café, restaurant, or takeaway premises, capitalising on the exceptional roadside frontage and passing trade generated by the busy N17 and N5 corridors.

A particularly attractive opportunity exists to reposition the main entrance to the centre of the shopfront and redevelop the upper floor accommodation into a spacious three-bedroom apartment, complete with kitchen and living accommodation. This conversion may qualify for significant government-backed grant assistance, with funding of up to €95,000 potentially available for the refurbishment or conversion of the first over-the-shop residential unit. Additional grants of up to €20,000 may be available for the creation of a second residential unit, together with a further €20,000 where three or more residential units are delivered, up to a maximum potential grant aid package of €135,000.

Further enhancing the development potential is the property’s substantial rear access and large rear entrance. This configuration provides the opportunity to convert the rear section of the building into two spacious two-bedroom duplex apartments. Such a scheme may qualify for substantial financial assistance under the Repair & Leasing Scheme, with potential funding of up to €80,000 per unit available, subject to approval and scheme conditions.

Properties offering this combination of trading business, town-centre prominence, development flexibility, grant eligibility, and strong passing traffic are increasingly difficult to secure. Garvey's Dew Drop Inn represents an outstanding opportunity to acquire a landmark building with immediate income generation and long-term development upside in one of Mayo’s key gateway towns, conveniently positioned between the West, Northwest, and Midlands regions of Ireland.

Viewing strictly by appointment with the sole agent, Leonard Wilson Keenan Northwest. Whilst every care has been taken in the preparation of these particulars, they are for guidance purposes only and do not form part of any contract. Measurements and details are approximate, and prospective purchasers/tenants are advised to verify all information independently.

***All information provided is to the best of our knowledge. The utmost care and attention have been placed on providing factual and correct information. In certain cases, some information may have been provided by the vendor to us. We do not hold any responsibility for mistakes, errors or inaccuracies in our online advertising and give each and every viewer the right to get an opinion on any concern they may have.***

BER Details

BER No. 801017492

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This property was last updated: yesterday morning