1 West Street, Drogheda, Drogheda, Co. Louth, A92PW84

Prime Investment – Refurbishment Property 1 West Street, Drogheda, Co Louth. Just received PP for 3 large apartments on the 1,2, & 3 floors Entire Building. Prime Location with maximum footfall – Excellent trading location. A new rates waiver program being offered by LCC for new tenancies or occupation of vacant properties. At least a 4-year lease or owner occupy, year 1 100% waiver, year 2, 50% waiver, year 3 25% waiver. Current rates on building are €5,552 per annum. Savings could amount to €9,700. High Profile Commercial / Residential Investment opportunity situated on Drogheda’s golden mile . No.1 West Street is a prime shop of 55 sq. metres , with 3 overhead floors, now with newly granted to convert into 3 spacious apartments of 40.48m2, 47.72m2 & 47.95m2. Located beside the tourist office, centrally located on West Street. Drogheda Town is a busy provincial town. The ground floor shop of the property was recently occupied by 3 Mobile phone shop it has 3 floors above, currently unoccupied and ideal for a luxury apartment conversion. Expected rental yield from the ground floor of €35,000 p/a and from the 3 overhead floors (with separate street entrance) as 1 apartment each yielding a market rent of €1,450+ per month. Price €660,000. Viewing is highly recommended. This is a great opportunity and an excellent long-term investment. The property has a total ground floor shop / store area of 55 m / 5952ft with an additional three floors overhead comprising of c.2 / 3 rooms per floor . There is also a basement , accessed from the shop. Nearby retailers include Penney’s, Tesco, Elvery’s sports, Hickeys Chemist, to name just a few. Description : • GF Length – 18m * Front GF Unit Width – 5m * Est. Total Floor Area: 75m2 approx. 1st Floor • Room 1: 25m2 * Room 2: 15.18m2 * Room 3: 3.7m2 = Total Floor Area: 45m2 approx. 2nd Floor • Room 1: 25m2 * Room 2: 15.18m2 * Room 3: 3.7m2 = Total Floor Area: 45m2 approx. 3rd Floor • Room 1: 25m2 * Room 2: 15.18m2 * Room 3: 3.7m2 = Total Floor Area: 45m2 approx.