Wellington Quay,
Drogheda, A92NCC6
Investment Property (413 sq m)
Asking Price €420,000
Contact REA O'Brien Collins (Drogheda)
PSR Licence: 003766
+353 41 987 5444
Property Overview
Status
For Sale
Style
Investment Property
Property Features
Energy Rating
Property Financials
Price
Asking Price €420,000
Property Engagement
Views Last 7 Days
16
Views Last 30 Days
50
Views All Time
635
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 façade and excellent retail frontage to Wellington Quay.
Restaurant:
Aisha’s Café & 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 Rating: C3
BER No.: 800967655
Energy Performance Indicator: Not provided
