57 Clanbrassill Street
A three-storey property on Dundalk’s main shopping street that has been empty since it was damaged by fire in August 2016, has gone on the market with a guide price of €400,000.
Located between The Gift and Art Gallery and Cutting Crew hair salon, the former Leddy’s school uniform shop at 57 Clanbrassil St, is being sold as a development opportunity as it comes with full planning permission for 14 apartments in two blocks as well as a retail unit on the ground floor.
The vacant premises comes with a long plot of ground at the rear where it’s envisaged the apartment blocks will be located.
Estate agent Brian Carroll of Sherry Fitzgerald Carrol describes it “an exceptional mixed-use town centre urban development project”, noting that it is situated in a prime town centre location.
Planning permison is in place for the redevelopment of the existing street facing three storey building providing a ground floor retail with 2 apartments overhead and the development of a new two to four storey apartment block at the rear.
“The proposed development would suit current urban regeneration objectives such as the Living City Initiative, offering commercial relief up to €300,000 and the Enhanced Corporation Tax Deduction offering relief up to 125pc on construction costs,” he says, describing it as an “opportunity for developers or investors seeking a ready-to-deliver mixed-use scheme.”
“This is a rare chance to deliver a landmark town centre development in a location where demand for quality residential accommodation and modern retail space is on the rise.”