North Road, Drogheda, Co. Louth

Commercial Investment Portfolio – Tenants NOT AFFECTED

AMV €950,000 – – For Sale By Private Treaty

– 3 x self-contained Commercial Units (all rented)
– Total Rent passing – €90,000

Description

This multi-unit commercial investment is located on the north side of Drogheda Town, Co Louth next door to the Circle K forecourt on the North Road. There are 3 self-contained commercial units, fully let to – North Road Pharmacy, Dublin Meat Company and Drogheda Valeting Centre & Car Wash. The properties benefit from ample car parking and ease of access to Drogheda Town Centre and the M1 motorway (North & South). This is an excellent opportunity to acquire an investment property with good quality tenants who have been in occupation & trading for many years.

Tenant Details:

North Road Pharmacy
Unit 1 is let to North Road Pharmacy and is trading as a pharmacy. The unit has a newly agreed rent under a new 20 year lease with a break option in 10 years. The North Road Pharmacy have been in occupation of this unit for the previous 8 years.

DPB Meats Limited
Unit 2 is leased to DPB Meats Limited (Trading as Dublin Meat Company). The unit has a good passing rent and is held under a 10 year lease from the 7th May 2020.

Drogheda Valeting Centre & Car Wash & Drogheda Tyre Fitting
Unit 3 is currently trading as a car valeting centre, tyre centre & car wash and also tyre fitting. The unit has a good passing rent and is held under a new 5 year lease from September 2022.

Title
Freehold

Viewings
For further information or to arrange a viewing, please contact sales agent.