1 West Street, Drogheda, Drogheda, Co. Louth, A92PW84

For Sale - Prime Investment Opportunity – Refurbishment Property - 1 West Street, Drogheda, Co Louth. A92 C8X0 News Flash !!!! - Just received Full Planning Permission for 3 large apartments on the 1,2, & 3 floors. Entire Building. Prime Location with maximum foot fall – Excellent trading location. A new rates waiver program being offered by LCC for new tenancies or occupation of vacant properties. At least a 4-year lease or owner occupy, year 1 100% waiver, year 2, 50% waiver, year 3 25% waiver. Current rates on building are €5,552 per annum. Savings could amount to €9,700. This property is also covered by the Government's Living City Initiative, which is a tax relief to assist property owners in refurbishing properties for business or residential use. This initiative also supports the conversion of commercial premises into residential homes, commonly known as 'over the shop living'. The property is also eligible for Louth County Council's Shopfront Improvement Grant Scheme - which supports the repair, restoration and appropriate redesign of shopfronts within the town. This property is not a listed/protected structure. High Profile Commercial / Residential Investment opportunity situated on Drogheda’s golden mile. No.1 West Street is a prime shop of 55 sq. metres , with 3 overhead floors, now with newly granted to convert into 3 spacious apartments of 40.48m2, 47.72m2 & 47.95m2. Located beside the tourist office, centrally located on West Street. Drogheda Town is a busy provincial town. The ground floor shop of the property was recently occupied by 3 Mobile phone shop it has 3 floors above, currently unoccupied and ideal for a luxury apartment conversion. Expected rental yield from the ground floor of €35,000 p/a and from the 3 overhead floors (with separate street entrance) as 1 apartment each yielding a market rent of €1,450+ per month. *Brokerage opinion only, not to be relied upon. Viewing is highly recommended This is a great opportunity and an excellent long-term investment. The property has a total ground floor shop / store area of 55 m / 5952ft with an additional three floors overhead comprising of c.2 / 3 rooms per floor . There is also a basement, accessed from the shop. Nearby retailers include, Penney’s, Tesco, Elvery’s sports, Hickeys Chemist, to name just a few. NOTE: These particulars are given on the understanding that they will not be construed as part of a contract, conveyance or lease, and that all negotiations will take place through this firm. Whilst every care is taken in compiling the information, we give no guarantee as to the accuracy thereof and enquirers must satisfy themselves regarding the description and measurements.