West Street, Drogheda, Co Louth

Location

The subject property occupies an exceptional location on the southside of West Street, Drogheda. West Street benefits from high levels of pedestrian footfall due to its excellent location. Drogheda has a population of 28,333 (Census of Population 2006) and is located on the banks of the river Boyne. West Street is one of Drogheda’s prime retail locations.

Nearby occupiers include; Vodafone, Easons and Elvery Sports.

Description

The property comprises a ground floor retail unit which extends to approximately 180.6 sq m (c. 1,944 sq ft).  The unit which is regular in shape has the benefit of a substantial fit-out.  It would suit a variety of uses, subject to the necessary planning permissions.

Lease

The property is held under a 20 year FRI lease from 28th August 2007, subject to 5 yearly rent reviews. There is a tenant break option in the fifteenth year of the term, subject to 6 months prior written notice.

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€83,000 per annum

Rates

We understand that the annual rates (2010) for the property will be €13,523.

Service Charge

TBC