1 & 2 Castle Street, Dunmanway, West Cork

€50,000

Beds
Price	€50,000
Property Type	Terraced House
Size	meters²
Energy Rating	BER-
Refreshed on	Feb 25, 2025
Eircode	P47 W704
Group Name	Henry O'Leary Auctioneers and Real Estate Agents
Sales License Number	001367

Description

This unique property package comprises three distinct elements: a substantial three-storey, seven-bedroom former pub with living accommodation, an active 7-day publican’s licence, a vacant and derelict two-bedroom townhouse in need of full renovation, and a 0.4-acre site to the rear within the town’s development boundary. An exceptional investment opportunity has arisen in the heart of town with this unique and versatile package of three distinct properties, each offering incredible potential. Located on Castle Street, this offering consists of a substantial former public house with living accommodation, a derelict townhouse in need of full renovation, and a highly desirable 0.4-acre site, all within the town’s development boundary. These properties are available as a complete package or can be purchased in any combination to suit individual investment goals. Positioned at the lower end of the market, this opportunity is particularly appealing to first-time buyers who are struggling to secure a home. With the assistance of substantial grants available for derelict and vacant properties, these buildings could provide an affordable and rewarding route onto the property ladder. The potential here extends beyond investors and developers—those looking for a project could transform these properties into comfortable homes with significant financial support available. No. 1 Castle Street is a commanding three-storey, seven-bedroom former pub, complete with an active and recently renewed 7-day publican’s licence. Spanning approximately 2,000 sq. ft., the ground floor features a traditional bar area alongside residential living quarters, while the upper floors house a bathroom and seven well-proportioned bedrooms. To the rear, a large walled yard provides further possibilities. Whether revitalised as a thriving hospitality business or developed for alternative use, this historic building is bursting with potential. Additionally, it qualifies for substantial grant funding under current renovation schemes for derelict and vacant properties. The publican’s licence can also be sold separately if not required. Adjacent to this is No. 2 Castle Street, a derelict two-bedroom townhouse requiring complete renovation. Extending to approximately 700 sq. ft., the property comprises a kitchen, living area, and toilet on the ground floor, with two bedrooms overhead. As it has been vacant for over 2 years this townhouse qualifies for both vacant and derelict property grants, offering a rare opportunity for a first-time buyer or investor to restore a home with significant financial support. A private, walled rear yard adds further potential. The true gem of this package, however, lies in the 0.4-acre site to the rear. With independent gated access from St. Mary’s Park and additional side access from Castle Street, this expansive plot offers exciting possibilities. Located within the town’s designated development boundary, the site is best suited for small-scale residential development, subject to planning permission. This is an extraordinary offering with multiple avenues for investment—whether it be the restoration of the original buildings, the continuation of a licensed premises, or the development of much-needed housing. The properties are available for purchase together or in any combination, offering maximum flexibility to investors, developers, and first-time buyers looking to make the most of this rare and affordable opportunity. Given the strong demand for accessible housing and the availability of grant funding, there is something here for everyone. Services: Mains water, mains sewage and broadband is available. Guide Price: No. 1: €100,000 No. 2: €50,000 Site: €50,000 7-day publican’s licence: €50,000

Features

* Vacant and derelict * 4 Options available * A 2 Bedroom townhouse * A 7 Bedroom former pub * 7 day publicans licence * A site of circa 0.4 acres within the town boundary

Description

Features

* Vacant and derelict * 4 Options available * A 2 Bedroom townhouse * A 7 Bedroom former pub * 7 day publicans licence * A site of circa 0.4 acres within the town boundary