DescriptionThe subject site comprises a regular shaped site extending to approximately 7,000sqm (1.73 acres) and benefits full planning permission for a 123-bed nursing home under Register Reference Number 181. The site forms part of a larger residential development of 87 residential dwellings which are currently under construction. The access road and services will be provided to the boundary of the subject site. In addition, an extensive landscaping plan will be complete surrounding the subject site.
The demand for both nursing home and retirement living accommodation is expected to increase significantly into the future which stems from the fact that Ireland has a rapidly ageing population. The CSO's population estimates as at the end of 2018 show that there were almost 673,500 people aged 65 and over in Ireland with over 158,000 of these aged 80 or over. Based on the CSO's population projections these figures are set to increase significantly over the coming years. There are approximately 4,580 inhabitants aged 65 and over (11% of the entire population) in Drogheda and the site offers a prime opportunity to develop a nursing home to cater for this increased demand into the future.
FeaturesComprises of a regular shaped site extending to approximately 0.7ha (1.73 acres)
The site benefits full planning permission for a 123-bed nursing home
Access roads and service infrastructure will be provided to the boundary of the site together with an extensive landscaping plan surrounding the site
The site forms part of an existing residential development which is under construction, located close to all amenities
Drogheda's 2016 Census Profile shows a sizable group of 4,580 inhabitants aged 65 and over
Ireland has a rapidly increasing older population and this is a prime opportunity to develop a nursing home to cater for this increased demand
LocationThe property is well located on the northern side of the R166 Termonfeckin Road, Drogheda, Co. Louth, approximately 3km north east of Drogheda Town Centre.
Drogheda lies approximately 40 km north of the Dublin Port Tunnel and Dublin Airport and Dublin City is approximately 49 km to the south. Dundalk is approximately 26 km and Belfast is approximately 120 km to the north. Drogheda is one of the country's largest towns and has excellent potential for future growth. There are excellent services located within Drogheda town centre with good bus and rail services. The population as per the 2016 census is 40,956, making it the third largest town by population in Ireland. There are approximately 4,580 inhabitants aged 65 and over (11% of the entire population).
In addition, Drogheda has a hinterland population of excess 70,000 inhabitants within 15 kilometers (9.3 mi) radius covering County Louth and County Meath. The surrounding area has a mix of residential units and local amenities including schools, shops and a GAA Club.