Market Street, Ardee, Co. Louth, A92 W352

€340,000
Retail Unit For Sale | 3,626 sq. feet (337 sq. metres)
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Overview

Property Description:

Excellent mixed use investment opportunity situated on a prominent town centre position in Ardee, Co. Louth. Tenants not affected.

Location
The property is situated in Ardee, Co. Louth. Ardee is a market town strategically located to the west side of the M1 motorway and approximately 20 km from Dundalk, Drogheda, Slane and Carrickmacross. The subject property is located on Market Street in close proximity to St. Mary' s Church and Ardee Credit Union.

Description:
The subject property comprises an end of terrace building which provides commercial accommodation at ground floor level and a six bedroom apartment at first floor level. The apartment is need of refurbishment. There is also a yard located to the rear of the building.

Tenancy Details
The commercial accommodation is currently occupied by Bradleys pharmacy who will agree a new lease prior to the sale closing. The terms will be a 20 year lease with 5 yearly rent reviews (Market rent) and no break options. The rent will be €35,000 per annum.

ACCOMMODATION
Description Sq.
M. Sq.
Ft.
Ground Retail 166.57 1,793
Ground & 1st Flr storage 43.05 463
First Floor 127.27 1,370

Rates
We understand that the rates for 2017 payable to Louth County Council is €6,660 per annum.

Guide Price
Seeking offers in excess of €340,000 which equates to a NIY of 9.49% assuming standards purchasers costs of 8.46%

Daft Property Shortcode:

http://www.daft.ie/5546257

Date Entered/Renewed:

15/11/2017 (30 days ago)

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Address:

Market Street, Ardee, Co. Louth

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