Description
BER Details
Negotiator
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€420,000 (€1,017 per m²)
Wellington Quay, Drogheda, Louth
€420,000
| Beds | |
| Price | €420,000 |
| Property Type | Investment Property |
| Size | 413 meters2 |
| Energy Rating | BER-C3 |
| Refreshed on | |
| Eircode | A92NCC6 |
| Group Name | REA OBrien Collins |
| Sales License Number | 003766 |
Description
FREEHOLD COMMERCIAL INVESTMENT PROPERTY Approx. 413 SQM / 4,446 SQ FT total gross floor area *** BUSINESS AS USUAL - TENANTS NOT AFFECTED *** Location: Freehold commercial investment property occupying a high profile trading location on Wellington Quay close to all town centre amenities. Description: Substantial two storey commercial property with attractive cut-stone faade and excellent retail frontage to Wellington Quay. Restaurant: Aisha's Caf Bistro is a Middle-Eastern restaurant occupying part ground floor and entire first floor of the subject property. This fully-fitted equipped restaurant has been trading successfully at this location for approx. 12 years. Lease: New 15 years lease term from January 2024 at a rent of 30,000 per annum. Rent reviews every 5 years. Shop: Self-contained ground floor shop extending to approx. 34.0 sqm / 369 sq ft. Let to Braza Groceries (sale of Brazilian goods) for a term of 4 years from 29th July 2022 at a rent of 9,000 per annum. Rear Workshop: Self-contained two storey workshop building extending to approx. 88.0 sqm / 947 sq ft. Accessed via the archway from Wellington Quay, this unit has an estimated rental value (ERV) of approx. 10,000 per annum. Alternative potential for conversiion to residential use (subject to planning). Rear Yard: Vacant. Potential to redevelop for new residential accommodation. Accommodation: RESTAURANT: Ground Floor: 66.71 sqm / 718 sq ft reception, pizza takeaway, staff toilet customer toilets First Floor: Restaurant: 88.28 sqm / 950 sq ft Kitchen Preparation Areas: 31.88 sqm / 343 sq ft SHOP: 34.0 sqm / 369 sq ft REAR WORKSHOP: 88.0 sqm / 947 sq ft REAR YARD: (9.06m x10.583m) 96.0 sqm / 1,033 sq ft Key Features: Excellent opportunity to acquire an easily managed town centre commercial investment property with further income potential. Well-established anchor restaurant tenant with good reputation. Potential to redevelop rear workshop building / vacant yard for new residential use. Directions: USE EIRCODE: A92 NCC6
BER Details
BER Number: 800967655
Negotiator
Gabriel O'Brien
Wellington Quay, Drogheda, Louth, A92 NCC6
Investment Property
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G
F
E2
E1
D2
D1
C3
C2
C1
B3
B2
B1
A3
A2
A1
Current Rating: C3
Potential Rating:
BER Number:
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REA OBrien Collins
Tel: 041 9...
PSRA No. 003766
Date created: Mar 5, 2024
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PSRA Licence No. 003766