53 Laurence Street,

Prominent Town Centre Freehold Property (approx.  357 sqm/3,843 sqft) INVESTMENT & REDEVELOPMENT POTENTIAL

Location:

High profile location on the south side of Laurence Street in the heart of Drogheda town centre. Excellent proximity to major retailers, banks, restaurants and cafes within this established business location.     

Description:

No 53 is a prominent end terraced building on Laurence Street close to its intersection with West Street, Shop Street and Peter Street. 

This substantial freehold building comprises a well-established retail business (nail salon & beauty spa) at ground and lower ground floor levels. The retail / commercial space extends to approx. 168.23 sqm / 1,811 sq ft.

At upper floors, the accommodation extends to approximately 189 sqm / 2,034 sq ft and is presently laid out as 5 no. bedrooms; 2 no. reception rooms, bathroom/utility, and a toilet.  
Ideal as an investment opportunity, there is obvious potential to redevelop the upper floors as 3 no. self-contained residential apartments. The building has return frontage to Rosemary Lane which connects Laurence Street to Bachelor’s Lane running parallel to Laurence Street due south.

The ground / lower ground floors have always been successfully tenanted over the years and, given their key town centre location, should remain attractive for any retail business in the years ahead.

Accommodation:

GROUND FLOOR RETAIL                         

Retail & small kitchen, wc:                          86.1 sqm  

LOWER GROUND FLOOR:    

Open plan & kitchen / staff room:             82.13 sqm

FIRST FLOOR:  approx. 63.0 sqm

Kitchen & Dining: 5.735m x 4.26m

Bedroom 1: 2.95m x 2.75m

Toilet: 2.83m x 1.083m (wc & whb)

SECOND FLOOR                            approx. 63.0 sqm

Living room: 5.71m x 4.351m

Bedroom 2: 4.042m x 3.6m

Bathroom / Utility: 3.87m x 2.43m

THIRD FLOOR:                               approx. 63.0 sqm

Bedroom 3: 4.47m x 3.02m

Bedroom 4: 4.463m x 2.94m

Bedroom 5: 4.492m x 4.025m

TOTAL FLOOR AREA:        APPROX: 357.23 SQM

Occupational Terms:

GROUND & LOWER GROUND FLOORS:

Let to Vino Beauty Limited for a term of 5 years from 22 February 2021 at a rent of €25,000 pa. 

1ST, 2ND & 3RD FLOORS:

Vacant possession will be provided.

Key Features:

Well managed income-producing town centre property which has been well maintained over the years to include reroofing (2006); rewiring upper floors (2024); etc.    

Superb investment / redevelopment opportunity to convert the upper floors to individual apartment use.

Side access to Rosemary Lane.

BER Details:

BER G  - 108031840   Apartment 

BER D2  -800436024 Shop Unit 

BER Details

BER Rating: D2

BER No.: 800436024

Energy Performance Indicator: 814.6 kWh/m²/yr