Prime Castlebar development site placed on property market
A SIGNIFICANT portion of the former Hat Factory site at Newport Road, Castlebar, has been placed on the property market.
Billed as 'an outstanding site with significant redevelopment potential', the site area consists of 2.2 acres.
A section of the property is already occupied by car dealers J.J. Griffiths Ltd. under a 21 year lease.
The area is zoned as residential/commercial under The Castlebar & Local Area Plan 2008-2014 as amended.
This is a unique zoning and indeed one of only two locations within the urban area of Castlebar with such zoning.
Uses within this zoning that are generally permitted by the local planning office include housing and apartment scheme, single housing and apartment, holiday homes, guesthouse/hotel, convenience shop, medical related consultancy's, medical centre, clinic, restaurant and pub, retail shops, schools or creche, hospital, nursing home, community hall, recreation buildings, cultural buildings such as libraries and art centres.
To the rear of the property is the Lough Lannagh Retail Park which includes busy retailers inlcuding Aldi, Next and TK Maxx.
The site for sale is essentially an L-shaped configuration having extensive road frontage onto the Newport Road and to the rear along the Castlebar River.
The site is relatively flat and largely under concrete hard standing.
The property has been used as a motor dealership for a number of years with a mixture of retail showrooms and offices together with a substantial forecourt.
To the rear there is a series of offices, storerooms and workshops.
The buildings are constructed a mixture of steel portal frames with brick glazed and profile sheeting facades under a series of asbestos roofs.
The property owner recently commissioned a detailed feasibility study prepared by Taylor McCartney Architects Castlebar.
The feasibility outlined the potential for two alternative schemes.
Option one is a development of four detached blocks ranging from 2 to 4 storeys comprising a total of 60 residential units together with 73 carparking spaces.
Option two is a retail store of approximately 1,800 square metres together with up to 38 residential unitshe site for sale is essentially an L-shaped configuration having extensive road frontage onto the Newport Road and to the rear on the Castlebar River.
The entirety of the property is being offered for sale by private treaty with full vacant possession, but also inviting unconditional offers for the freehold interest.
The sale of the property is attracting a lot of interest and local people look forward to the site being given a new lease of life.
The joint selling agents are Gerard O' Toole at Tuohy O'Toole, Westport, and Ben Pearson Agar Commercial Property, Dublin.