1 West Street, Drogheda, Drogheda, Co. Louth
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€660,000
Retail Unit For Sale595 sq. feet (55 sq. metres)
Rating:
Contact Name: Frank Flynn F.S.C.S.I
Selling Agent:
Robt. B. Daly & Son Ltd
PSR Licence Number: 001890
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Property Description
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.
BER Details
Energy Performance Indicator: 0.00 kWh/m2/yr
This property was last updated: today, 4 hours 22 minutes ago
