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 location

* Walking distance from Bellingham Castle

* Attractive opportunity to combine income generation, asset enhancement, and future development potential