17 West Street
Drogheda
Co Louth
A92 W896

** Investment Property**
High Profile Commercial/Residential Investment opportunity situated on Drogheda’s main retail and well renowned West Street. Located directly opposite St Peters Church and within 8 doors of Penny’s and Dunnes Stores it is seldom that a property such as this in a prime location comes to the market. The property has a total ground floor retail area of 151 sqm with an additional three floors overhead comprising of 3 self-contained large 1 bedroom apartments. The property has been recently completely renovated throughout and is currently yielding a rent of €78,800 pa . Retailers in the general area of West Street include Pennys, Dunnes Stores, Tesco, Elvery Sports, Hickeys Chemist, EBS, Flying Tiger. Drogheda is a very busy provincial town with a population of approximately 38,000 located 35 km from Dublin along the M1 motorway and has excellent rail and road links to Dublin and Belfast. Viewing is highly recommended.
Ground floor
Floor Area: 151 sqm
Lease: 15 years from July 2020 with 5 year reviews
Annual Rental Income: €35,000 pa.
Upper Floors:
3 upper floors let to private individuals
Leases: New type part 4 leases
Annual Rental Income: €43,800.
Viewing Strictly By Appointment

Ground Floor Let on 15 year lease from March 2019 at €50,000 pa increasing every year by €1,000 lease is personally guaranteed.
Upper floors are currently let at €43,200

Retail Unit 6.32 x 18.33 
5.66 x 6.32 
Apartment 1  Measuring 45sqm comprising kit/living room 1 bedroom ensuite
Apartment 2  Measuring 45sqm comprising kit/living room 1 bedroom ensuite
Apartment 3  Measuring 64 sqm comprising kit/living room 1 bedroom ensuite

BER: C1
BER Number: 800181026
Energy Performance Indicator: 116.42

Drogheda sits on both banks of the River Boyne in County Louth, with its southern environs located in County Meath. It constitutes the largest town and the 6th largest urban area overall in the Republic of Ireland with a population of 38,578 recorded in 2011. There are a number of large employers in the town, including Drogheda Port Company, which is the oldest indigenous employer since 1790. Glanbia, Natures Best, Hilton Foods, and Boyne Valley Foods, all have factories here, and therefore the town is an important centre of employment.