The property is located in Ardee, Co. Louth. It enjoys a prominent position on the busy Castle Street which forms part of the main thoroughfare in Ardee Town.
Ardee is a market town strategically located to the west of the main M1 motorway and is situated approximately 20 km from Dundalk, Drogheda, Slane and Carrickmacross. It is located approximately 70 km north of Dublin. Ardee is the third largest town in the county, with a population of 4,817 (Census 2016).
The town itself has grown in size due to its accessability to the M1 Motorway with new residential developments being constructed around its main street. The town has, however, retained its traditional streetscape along the Main Street with retail, restaurant, offices and residential interspersed along its frontage.
The property comprises a bank located on the ground floor of a three storey development. The accommodation on the upper two floors do not form part of this sale.
The terms of the unit itself, it is laid out to provide a public service area to the front with offices, toilets and staff rooms to the rear. The unit extends to 172.13 sq m (1,853 sq ft).
Accommodaition Sq.M. Sq.Ft
Ground Floor 172.13 1,853
The unit us let to Allied Irish Bank on a 35 year lease from 30th June 1992 at a passing rent of €45,000 per annum.
BER No: 800373136
Energy Performance Indicator: 802.77 wH/M2/yr
To be confirmed
We understand that the 2018 Rates payable to Louth County Council are approximately €6,850 per annum.
Guide Price: Seeking offers in excess of €540,000 equating to a Net Initial Yield of 8.11 % after standard purchasers costs have been deducted.
Strictly by appointment with selling agents