James L Murtagh

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For Sale


Guide Price: 295,000

Lot 1, The Square, Castlepollard, Co. Westmeath

This property commands a prime landmark location, within immediate access of both social and essential amenities. The property offers the discerning purchaser an opportunity to redevelop to provide an exceptional and sustainable residential development.
At present, the property comprises a site of approximately 0.5 acre with an array of buildings consisting of commercial units (currently in use as a Caf), residential units and a traditional cut stone converted loft to the rear with further residential accommodation.
The site comes with Full Planning Permission, granted in 2020, for the construction of 1 no. 2 bed terrace dwelling, 2 no. 2 bed apartments, 2 no. commercial units, all fronting onto The Square. The construction of 4 no. 2 bed two storey semi detached dwellings to the rear of the site. The planning permits for the demolitions as necessary of the existing buildings onsite to accommodate the development. The Planning Permission file number reference is 196236 and further information can be accessed through the Westmeath County Council Planning Portal. We understand that the terraced properties are eligible for the Vacant Property Refurbishment Grant Schemes, assisting in the refurbishment of vacant and derelict homes.
Castlepollard can be described as a key service town of north Westmeath, located just over 1 hour to Dublin, Castlepollard provides easy country living yet within close proximity to major road networks and transport connections to the larger towns and Dublin City.
According to the Castlepollard Local Development organisation, there has been funding in excess of 4.5m for investment in local projects. oeastlepollard will be a socially inclusive town with a strong community and entrepreneurial spirit. With a rich and unique heritage, we will be a beacon for responsible and innovative rural tourism. The village will be a vibrant hub, based around an attractive centre that is alive with activity and that caters for all members of its community. " Castlepollard Local Development. There has been a substantial amount of funding invested in Castlepollard to date, upwards of 20 million which has been devoted to the regeneration of the town, restoration of the unique architectural heritage of the Town Square and Green, Market House and now provides an array of community facilities and amenities for the surrounding hinterland.
Further information on future projects can be explored at https://castlepollard.ie/ https://www.westmeathcoco.ie/en/ourservices/regeneration/castlepollardregeneration/
For further information or to view the property, please contact our office on 044 93 40088.
We are also offering the property is one or more lots, however, please note that the existing planning permission is only compatible with Lot 3 and Lot 4. Should the property be sold in separate lots, the purchaser(s) of Lot 1 and Lot 2 are obliged to apply for independent planning permission relating to the subject lots. We are offering the various lots as follows:

Lot 1: Residential building (currently vacant), adjoining building to the rear and traditional cut stone converted loft.
The residential building is in need of complete refurbishment, currently unoccupied with a proposed development of 1 No. 2 bed terrace dwelling fronting onto The Square. Traditional cut stone converted loft providing residential accommodation also. The loft is wired and plumbed and partially finished to a second fix.

Important Info / Terms and Conditions


• Viewing:
If you wish to view the property, you should contact James L. Murtagh Auctioneers on 044-93-40088. We will facilitate you and arrange access for you and/or your surveyor.

• Description Of Property:
The particulars contained in our brochure / advertising / social media are issued by James L. Murtagh Auctioneers on the understanding that all negotiations are conducted through them. All descriptions, dimensions, etc., included in the particulars, and any statements made by James L. Murtagh Auctioneers or our representatives, are made in good faith and are not intended to form a basis for any Contract. Any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the accuracy of same before committing themselves to a Contract. Any maps, plans or photographs in the brochure shall be indicative only and shall not form part of the Contract.

• Guide Price:
The guide price should not be construed as being the selling price of the property and it is the purchaser’s responsibility to decide on how much to bid at the auction.

• Legal Documentation:
Prior to the auction, the solicitor for the vendor will make available the legal documentation in relation to the property, copies of which are available from vendor’s solicitor. It is important to consult your solicitor in relation to the Contracts / Conditions Of Sale of the property before bidding as you will become legally bound by the said Contract / Conditions Of Sale if you are the highest bidder and the property is knocked down to you.

• Identification:
In order to register, it will be necessary to upload a copy of your passport / driving licence and proof of address, i.e., bank statement, correspondence from a Government agency / source, dated within the last 3 months.

• Registration:
In order to bid at the auction, it will be necessary to register with our office, 5 business days prior to the auction. The auctioneer assumes the bidder is bidding for himself/herself. If the bidder intends to purchase a Lot in a name other than his or her personal name, arrangements must be made with the auctioneers in advance. By registering you are deemed to have accepted the terms and conditions of the auction and authorise us, as agents for the vendor, to sign the completed Contract for Sale on your behalf.

• Reserve Price:
The price agreed between the vendor and the auctioneer at which the property can be sold. In the event of the property not reaching the reserve, the auctioneer will deal exclusively with the highest bidder (for half an hour following the auction) in order to realise a satisfactory sale. If a deal is not concluded, then the auctioneer may deal with the under-bidders and any other interested parties following that period of negotiation.

• Deposit:
A deposit of €30 000 is required in order to bid and this is payable in advance of the auction by online bank transfer. Our bank details will be provided to you at registration. The successful bidder’s deposit will become non-refundable as soon as the property is sold and a binding Contract is entered into and the agents are hereby authorised to sign the Contract For Sale on your behalf. The deposit payable on the signing of the Contract is 10% of the purchase price. If there is a shortfall in the deposit furnished by the purchaser prior to the auction, then the purchaser shall be required to lodge the balance of the deposit with the auctioneers within 1 business day of the online auction. If you are not the successful purchaser, your deposit will be returned to you (in full).

• Successful Bidder online or floor bid.
The successful bidder (online or floor) will automatically be deemed to have entered a legally binding ‘contract for sale’ with the Vendor to buy the property or lot.
You agree:
1 Authorise the agent or the agents authorised representative, and/or an individual employed by the agent to oversee the auction contracts (authorised signatory) to execute the ‘contract for sale’ (and/or any other required auction contracts) on behalf of the successful bidder as agent for the successful bidder. Such execution will be electronically signed automatically.
2 The authorised signatory will only have the authority to execute and exchange ‘contracts for sale’ on the day of the auction subject to the lot/property reaching the reserve price or more or being sold after the auction.
3 The successful bidder will within five working days from the final date of the auction transfer the balance of the deposit under the ‘contract for sale’ to the agent. This is 10% of the plus VAT (if applicable) of the successful bidder’s final successful bid. The agent will forward the deposits in its entirety to the vendors solicitor.
Once executed, the ‘contract for sale’ is binding and the successful bidder is legally obliged to buy the lot / property at the successful bid submitted (online or on floor) plus VAT (if applicable)
The successful bidder must complete the transaction in accordance with the ‘contract for sale’.
The successful bidder is required to adhere to the ‘contract of sale’ in its entirety.

• General Conditions:
The highest bidder to be the purchaser, subject to the right of the owner to withdraw the property should the reserve not be met.
The Particulars and Conditions Of Sale may change prior to the auction and it is the sole responsibility of the bidder to make sure they have the latest version.
The auctioneer reserves the right to sell the property prior to auction, withdraw the property from auction, change the order of the Lots, or consolidate the Lots without any notice to any prospective purchaser.

• LSL Online Platform:
Neither James L. Murtagh Auctioneers or LSL Online Auctions, their servants or agents shall be responsible in any manner whatsoever, whether in contract law, tort, common law or otherwise for any loss arising in whatever fashion as a result of loss of internet connectivity during the auction process. The bidder accepts that such contact is at the bidder’s own risk and in the event that the internet link is not established or breaks down, or if there is any confusion or disruption, then the bidder will not be able to participate in the auction.

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Contact Agent

Contact James L Murtagh on +353 4493 40088

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