Property Description

Prime Multi-Let Investment Opportunity | Drogheda Town Centre
Executive Summary
A unique opportunity to acquire a substantial 3-story commercial landmark in the heart of Drogheda, Co. Louth. Spanning approximately 24,000 sq. ft., this well-maintained building is currently configured into 30 business units. The property operates as a vibrant professional hub, hosting a diverse range of tenants including social organisations, dance studios, and administrative offices (clean use only).
Investment Highlights
• Income Security: Sold as a going concern with high occupancy across 30 units. Lease terms vary from 12 to 60 months, providing a balanced and staggered risk profile.
• Efficient Management: A comprehensive Service Charge structure is in place, ensuring all operational costs are recovered. This includes:
o Fire Safety Maintenance (L2/L3 Standard).
o Lift Maintenance, Repair, and Statutory Insurance.
o CCTV, Security, and Cleaning of common areas.
o Building Insurance and Management Fees.
o Utilities for common parts and refuse collection.
• Tenant Obligations: All tenants are responsible for their own Commercial Rates, minimizing the landlord's administrative overhead.
• Compliance & Planning: The property is in full compliance with Planning Permission and holds a valid Fire Safety Certificate.
• Private Parking: Includes an adjacent private car park providing 10-11 dedicated spaces—a premium asset in this town-centre location.
Development Potential (Asset Management)
The property offers significant "upside" potential. Following the successful precedent of neighboring buildings, this site is highly suitable for residential conversion (Subject to Planning Permission), offering an excellent future-proof exit strategy or value-add opportunity.
Building Specifications
• Access: 4 primary entrances and 2 lifts (Passenger and Wheelchair) providing excellent flow and accessibility.
• Heating: Modern, energy-efficient electric heating system throughout.
• Security: Full CCTV coverage of all communal areas and professional monitoring.
Location
Unrivalled location in the centre of Drogheda. This high-profile position ensures consistent demand from local businesses and excellent visibility for tenants.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 7 days ago