53 Laurence Street, Droheda, Louth

€500,000

Beds
Price	€500,000
Property Type	Investment Property
Size	357 meters²
Energy Rating	BER-D2
Refreshed on	May 9, 2025
Eircode	A92A9YR
Group Name	REA OBrien Collins
Sales License Number	003766

Description

Prominent Town Centre Freehold Property (approx. 357 sqm/3,843 sqft) INVESTMENT REDEVELOPMENT POTENTIAL Location: High profile location on the south side of Laurence Street in the heart of Drogheda town centre. Excellent proximity to major retailers, banks, restaurants and cafes within this established business location. Description: No 53 is a prominent end terraced building on Laurence Street close to its intersection with West Street, Shop Street and Peter Street. This substantial freehold building comprises a well-established retail business (nail salon beauty spa) at ground and lower ground floor levels. The retail / commercial space extends to approx. 168.23 sqm / 1,811 sq ft. At upper floors, the accommodation extends to approximately 189 sqm / 2,034 sq ft and is presently laid out as 5 no. bedrooms; 2 no. reception rooms, bathroom/utility, and a toilet. Ideal as an investment opportunity, there is obvious potential to redevelop the upper floors as 3 no. self-contained residential apartments. The building has return frontage to Rosemary Lane which connects Laurence Street to Bachelor's Lane running parallel to Laurence Street due south. The ground / lower ground floors have always been successfully tenanted over the years and, given their key town centre location, should remain attractive for any retail business in the years ahead. Accommodation: GROUND FLOOR RETAIL Retail small kitchen, wc: 86.1 sqm LOWER GROUND FLOOR: Open plan kitchen / staff room: 82.13 sqm FIRST FLOOR: approx. 63.0 sqm Kitchen Dining: 5.735m x 4.26m Bedroom 1: 2.95m x 2.75m Toilet: 2.83m x 1.083m (wc whb) SECOND FLOOR approx. 63.0 sqm Living room: 5.71m x 4.351m Bedroom 2: 4.042m x 3.6m Bathroom / Utility: 3.87m x 2.43m THIRD FLOOR: approx. 63.0 sqm Bedroom 3: 4.47m x 3.02m Bedroom 4: 4.463m x 2.94m Bedroom 5: 4.492m x 4.025m TOTAL FLOOR AREA: APPROX: 357.23 SQM Occupational Terms: GROUND LOWER GROUND FLOORS: Let to Vino Beauty Limited for a term of 5 years from 22 February 2021 at a rent of 25,000 pa. 1ST, 2ND 3RD FLOORS: Vacant possession will be provided. Key Features: Well managed income-producing town centre property which has been well maintained over the years to include reroofing (2006); rewiring upper floors (2024); etc. Superb investment / redevelopment opportunity to convert the upper floors to individual apartment use. Side access to Rosemary Lane. BER Details: BER G - 108031840 Apartment BER D2 -800436024 Shop Unit

BER Details

BER Number: 800436024, Energy Performance Indicator: 814.6kWh/m²/yr

Negotiator

Gabriel O'Brien

Description

BER Details

BER Number: 800436024, Energy Performance Indicator: 814.6kWh/m²/yr

Negotiator

Gabriel O'Brien