17 West Street Drogheda, Drogheda, Louth

€795,000

Beds
Price	€795,000
Property Type
Size	325 meters²
Energy Rating	BER-C1
Refreshed on	Nov 15, 2024
Eircode	92W896
Group Name	Robt. B. Daly & Son Ltd.
Sales License Number	001890

Description

Prime Investment Property 17 West Street, Drogheda, Co Louth A92 W896 High profile commercial/residential investment opportunity situated on Drogheda’s main street occupying a high profile trading position. Ideally located on the Main Street , close to all amenities with retailers such as Penneys , Dunnes Stores,Tesco, Elvery Sports, Hickeys Chemist, EBS, Vodafone and the Town Centre shopping centre close by . The property 17 West Street has been completely renovated throughout and is in truly excellent condition. Currently yielding a rent of €78,200 pa. from the shop and 3 overhead apartments. This offers an excellent long term investment with a great return. Accommodation : The property has a ground floor shop/store area of 151m² (1,625 sq.ft )with an additional three overhead floors comprising of 3 self-contained large-1 bedroom apartments. The apartments are bright and fresh and well worth viewing. Lease Details Ground Floor Let on 15 year lease from 14th July 2021 at €35,000 pa 5 year rent reviews.. Upper floors are currently let at €43,200 Upper Floors: Apartment 1, 2, 3 3 upper floors let to private individuals Leases: New part 4 leases- no fixed term from 2021 and 2022 Annual Rental Income: €43,200. Measurements: Retail Unit and Store 151 sq metres The apartments are bright and fresh Apartment 1. 58m² kit/living room 1 bedroom ensuite Apartment 2. 58m² kit/living room 1 bedroom ensuite Apartment 3. 58m² kit/living room 1 bedroom ensuite Lease start date, length of term, break option(?); next rent review Passing Rent Ground Floor - Retail shop - 151sqm - Start date 14-07-2021 - €35,000 1st Floor- 1 bed apt - 58sqm - Start date 02-July-2022 - €13,800 2nd Floor - 1 bed apt - 58sqm - Start date 31-08-2021 - €14,400 3rd Floor -1 bed apt - 58sqm - Start date 22-07-2022 - €15,000 Additional Information : The Building has full Planning Permission. The Building has a full Fire Certificate. The financial contributions are paid in full. Date of Planning Permission: 02/07/2018 All residential leases are Part 4 Tenancy Agreements. There is no Fixed Term. All such leases are located in a rent pressure zone and can be in increased by 2% per year. The building insurance is generally €1,100.00 per year. The tenants do not pay any monies towards this expense. Retail unit, 15 year lease with review every 5 years The commercial tenant is a Company.

BER Details

BER: C1

Viewing Details

Viewing highly recommended

Description

BER Details

BER: C1

Viewing Details

Viewing highly recommended