Lot 188 – Units 11 & 12, East Coast Business Park, Drogheda, Co. Louth

Property Enquiries

Richard Hoey

richard.hoey@bidx1.com
+353 (1) 566 8370

Viewing Registration / Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Therese Norris

tnorris@amoss.ie
+353 (0)1 212 0400
Description
Map
Viewings

Property Summary
  • Two adjoining warehouse investments.
  • Comprising a retail warehouse and a theatre extending to approximately 3,823sq. m (41,160sq. ft) in total.
  • Unit 11 let to The Sound Shop (Ireland) Limited.
  • Lease expiry 2032
  • Unit 12 let to Drogheda Theatre Company Ltd. 
  • Lease expiry 2034
  • Total Current Rent being Received €48,000 p.a.
  • Net Initial Yield 6.46%
Location
  • Drogheda is a town in Co. Louth with a population of some 30,000 (as of the 2011 Census).
  • The town is situated approximately 56km north of Dublin and 36km south of Dundalk.
  • Transport links are provided by the M1 Motorway.
  • The property is situated within East Coast Business Park just east of the M1.
  • Surrounding occupiers include Tesco and Blackstone Motors. 
Description

The property is arranged over ground and part first floors to provide a warehouse unit and theatre Internally Unit 11 comprises ground floor retail warehouse together with storage on the first floor. Unit 12 is arranged to provide a theatre, dressing rooms  full bar, retail area, seating for 483 and a standing capacity for 1200.

VAT
Please refer to Legal Documents
Property Table
No. Present lesseeAccommodationSq. mSq. ftLease Terms 
Unit 11The Sound Shop Ireland LtdRetail Warehouse2,37025,51025 year lease from 2007. 5 yearly upward only rent reviews 
Unit 12Drogheda Theatre Company LtdTheatre 1,45315,64025 year lease from July 2009. 5 yearly rent reviews 

 

Number

Available From Bidx1

Energy Performance Indicator

669.06 kWh/m²/yr - 281.64 kWh/m²/yr


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