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 workshop unit extending to approx. 44.0 sqm / 477 sq ft. Accessed via the archway from Wellington Quay, this unit has an estimated rental value (ERV) of approx. 4,200 per annum Rear Yard: Vacant. Potential to extend the existing commercial building or to rent for car parking use. 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 Goods store: 44.4 sqm / 478 sq ft SHOP: 34.0 sqm / 369 sq ft REAR WORKSHOP: 44.0 sqm / 477 sq ft REAR YARD: 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 extend existing building into rear yard / generate car parking income. Directions: USE EIRCODE: A92 NCC6

BER Details

BER Number: 800967655

Negotiator

Gabriel O'Brien

Description

BER Details

BER Number: 800967655

Negotiator

Gabriel O'Brien