Exceptional investment/redevelopment opportunity in Ennis

No 71 O'Connell Street, Ennis.

No 71 O'Connell Street, Ennis.

Costelloe estate agents has brought to the market a very exciting investment/development opportunity in the heart of Ennis.

No 71 O’Connell Street occupies a high profile trading position, opposite Ennis pro-cathedral, within close proximity of the Old Ground Hotel. The prime location is exemplified by the quality of trading concerns close by Nozomi, Collins Jewellers, Pat McCarthy Shoes, Dunnes Stores, Boots, etc.

The property comprises an attractive corner building of three storeys, with a frontage to O’Connell Street of 16 metres. To the rear is a substantial yard of 3,000sq ft, together with a modern retail shop, fronting Barrack Square for approximately 17 metres.

Already known as Ennis’ café quarter, Barrack Square is due for a streetscape upgrade. No 71 O’Connell Street is currently laid out to provide two retail units on the ground floor with residential uses overhead. The entire property is being sold with the benefit of full planning permission for redevelopment comprising ground floor and first floor retail, with apartments overhead and to the rear.

The property is being offered in one or two lots — the current planning permission is for the totality.

David Costelloe, agent, believes this is an exceptional opportunity to create a large format ground floor retail shop in excess of 2,000 square feet, with a similar size on the first floor, together with residential overhead. “There is enormous demand in the marketplace for a shop of this size due to its scarcity in the town centre," he said.

The auction will take place on Friday December 14. Realistic guides of €450,000 and €150,000 are placed on Lot 1 and Lot 2, respectively.

Further details are available from the Costelloe estate agents on 065 6821299.

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