Property Description

FOR SALE INVESTMENT PROPERTY
(TENANT NOT AFFECTED)


Superb Investment opportunity
Tenant in situ for previous 15 years and just signed a new 10 year lease
Rental Income - €50,000 per annum
AMV: €595,000

LOCATION
Knightswood is situated on the south side of Drogheda Town, approx. 1km from the Duleek exit northbound of the M1, 25km from Dublin Airport and 3km from the centre of Drogheda Town. Drogheda is one of the busiest towns in Ireland with an ever-growing population and huge residential development currently ongoing. There are many more new developments planned to be constructed in this area of the town over the coming years.

PROPERTY & DESCRIPTION
The asset comprises a detached purpose built crèche facility extending to 396 sq. m. (4,262 sq. ft.) with an additional 270 sq. m. (2,900 sq. ft.) of private external space designated for the sole use of the crèche operator. The unit is a detached purpose built Crèche and is all on the ground floor. The property is situated in the Knightswood residential development which has been completed in recent years with the immediate area continuing to expand with many more residential developments planned. The property has been previously occupied by the existing tenant for 15 years and the existing tenants recently signed a new 10 year lease. The property is fully fitted for the crèche use with excellent facilities.

TENANT COVENANT
The crèche is occupied by ‘Scribbles & Giggles’ which continues to operate as an independent operator. The existing tenant has occupied this premises for the previous 15 years and has an excellent reputation. Let on a 10 year full repair and insuring lease from 6th February 2026 at €50,000 per annum exclusive. There are no break clauses.

OVERVIEW
Purpose built crèche facility occupied by Scribble & Giggles with a rental income of €50,000 per annum. The property is located in the residential development of Knightswood situated just off the motorway on the south side of Drogheda town.
The property is a purpose built detached crèche facility all on a single floor with excellent outdoor play areas, let on a long-term, 10 year lease from 6th February 2026 at €50,000 per annum. The property comprises c. 396 sq.m (c. 4,262 sq.ft) with an additional external area of c. 2,900 sq.ft.
The crèche is occupied by ‘’Scribbles & Giggles’’ who has been the existing tenant in this building for the previous 15 years and who have just signed a new 10 year lease.
The property is one of the busiest crèche operations in Drogheda and is set amongst a high quality residential development of Knightswood and adjacent to the new residential development of Kestrel Manor.

We are seeking offers in excess of €595,000 for the property.

BER DETAILS
BER Rating: B3

AMV: €595,000

VIEWING DETAILS
Strictly by Appointment with the Sole Selling Agent.

BER Details

BER No. 801142837

Energy Performance Indicator: 185.57 kWh/m2/yr

This property was last updated: 90 days ago