The subject property represents a strategic land holding located in a prime, gateway position at Junction 10 of the M1 Motorway on the outskirts of Drogheda, Co. Louth. Otherwise known as the Tullyallen Roundabout, Junction 10 provides for easy access to both Drogheda Town and Navan Town via the N51.
The lands extend to approx. 75 acres and are currently divided into 4 separate holdings situated to the east and west of the M1 Motorway. The entire holding benefits from substantial road frontage to the M1 Motorway, the N51 and the R168.
Under the 2004 North Drogheda Environs Local Area Plan approx. 17.5 acres to the southeast of the Tullyallen roundabout are zoned Residential. Also, it is worth noting that the overall strategy of the Plan states that the M1 Motorway contains an interchange within the plan area which generates potential to develop adjacent lands in order to maximise the potential of the interchange. These lands are highlighted as Phase 2 lands under the Drogheda North Environs Core Strategy.
In relation to the subject lands to the west of the M1 Motorway, approx. 47 acres are zoned for Tourism & Leisure under the same Plan. Permitted uses under this zoning would include hotels, tourist accommodation as part of an integrated tourism complex and facilities, visitor facilities, interpretative centre, motorway service facilities, tourist retail outlets, restaurant, public house, tourist information, parking, cycle hire and other ancillary commercial and leisure facilities that support the development of the Boyne valley for tourism. The remaining approx. 10.5 acres are unâ€zoned.
The lands are being offered for sale in 4 no. lots as follows:
Lot 1 - Extends to approx. 15.1 acres, is situated to the southwest of the roundabout and is currently in tillage - zoned Tourism & Leisure.
Lot 2 - Extends to approx. 42.4 acres, is situated to the west of the roundabout and is currently in tillage with one field in grass - part zoned Tourism & Leisure / part un-zoned (subdivision considered).
Lot 3 - Extends to approx. 17.5 ...