Project Spice | Retail Investment | Aukció
LOCATION
Drogheda is a coastal town on the Louth/Meath border. It is located on the Dublin – Belfast corridor, approximately 56 km north of Dublin. It is the largest town in Ireland with a population of more than 40,000 people. The Retail Park is situated on the Meath side of the town and is easily accessible from the M1 motorway and Drogheda Town Centre. Some of the neighbouring tenants include Aldi, TK Maxx and Harvey Norman.
ASSET OVERVIEW
The subject asset extends to 297 sq m (3,197 sq ft) across ground floor. There is also a drive thru with surface car parking for customers.
The property is held on a long leasehold for a term of 999 years from 29 June 2006.
LEASE OVERVIEW
The property is currently let on a 20-year lease from 28/11/2016 at a passing rent of €82,530.04 per annum. There is an upcoming rent review on 28/11/2026, with a fixed rental uplift to €93,375 per annum.
ACCOMMODATION
Ground Floor | Total |
---|---|
297 sq m (3,197 sq ft) | 297 sq m (3,197 sq ft) |
*All prospective purchasers are specifically advised to satisfy themselves as to the accuracy of any measurements, tenancy information and site areas referred to herein, and undertake their own due diligence.
BER RATING
BER : C2